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Economics A-Z
Terms from the Economist magazine (2009)
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Economics, Water Use, and the Environment
These lessons use economic reasoning to suggest a new way to think about our use of the resource water. In brief, the lessons assert: (1) that in economic terms, water is not fundamentally different from any other resource, good, or service; and (2) that many of the answers to our concerns about water conservation and water quality can be found in markets, the same institution ...
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