Canada has an abundant supply of fresh water.Why would an economist consider water in Canada to be a scarce resource?

Question

Quizplus · Accepted Answer

Economists consider water in Canada to be a scarce resource because it is limited relative to people's unlimited wants. Despite the abundance of fresh water in Canada, there are still challenges in terms of distribution, access, and quality, which can lead to competition and conflicts over water resources. Additionally, increasing demand for water from population growth, industrialization, and agriculture, as well as climate change impacts, can further exacerbate water scarcity issues.

Canada Has an Abundant Supply of Fresh Water