In economy, supply and demand is a model that helps you to determine the price of something in the market considering the level of interest in the product and how scarce that product is.
If many people want the same resource and that resource is not common, the intrinsic value of it becomes considerably higher. If you want to have that, you might have to offer something of great value to its owner.
In today's market, it means that if a product is rare and many people want that, the value in money is going to go up.
Same goes for the example on the question, since the supply is low and the demand for water is high, those with more to offer are going to be the ones who get it. If it goes the other way around (too much water and not much interest in it), the price would decrease considerably.
Formulation stage of policy making includes promises to the public about new policies.
The formulation is the suggestion of explications to plan issues. Policy formulation depicting the progression of a plan and explication that addresses the obstacle and that is socially satisfactory and politically appetizing.
Formulation frequently contributes policymakers with numerous options for fixing plan matters. The policy needs to be a real step in resolving the issue most efficiently achievable. The efficient formulation comprises the study and description of dilemmas to resolving issues. Furthermore, policies necessity be politically attainable. In formulation, it is imperative to split the structure down into more inadequate parts and to display the foremost contents to the public
The Marshall Plan injected more than $15 billion dollars into the Western European economies ravaged by WWII. It helped the economic recovery of postwar Europe, it help laid the basis for new prosperity and social and political instability.
"Britain gained territory and increased the nation's debt" is the one among the following choices that <span>were two consequences of the French and Indian War. The correct option among all the options that are given in the question is the first option or option "a". I hope that this answer has helped you.</span>
The Smoot-Hawley Tariff Act put high import duties on foreign agricultural products and manufactured goods. The reason for the import duties on foreign items and manufacturing goods was to protect American farmers and other industries from foreign competition. The Act was passed in 1930 and focused on protecting American farmers, who were struggling to compete with agricultural imports from Europe.
When the Western Roman Empire<span> fell in 476 C.E., a state of chaos encompassed Western Europe for many centuries. Essentially, the people of Western Europe needed some form of a political system to defend themselves. Thus, </span>feudalism developed<span>.</span>