Water Resource Economics

Water Resource Economics is the study of how societies allocate and manage water, which is a vital resource. It examines the costs and benefits of using water for various purposes, like agriculture, industry, and personal consumption. By analyzing factors such as scarcity, pollution, and infrastructure, it helps policymakers make informed decisions about pricing, conservation, and investment. Ultimately, this field aims to ensure a sustainable and equitable distribution of water, balancing economic development with environmental protection for current and future generations.