Water is often dubbed the “elixir of life.” But as populations soar, climate patterns shift, and resources are strained, it has become an economic commodity. The economic principles that apply to goods and services in our market are, in many ways, applicable to water. However, given water’s irreplaceable nature and crucial role in sustaining life, its economic management poses unique challenges. Setting Water Prices: A Balancing Act Establishing the price of water is a challenging… Read more »