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6.05 Water Pollution

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Jacqueline Maraj

on 17 December 2013

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Transcript of 6.05 Water Pollution

Governments around the world will have to spend money cleaning up the pollution and creating decontamination agencies.
Why I chose water pollution
Water pollution is the contamination of water bodies (e.g lakes, rivers, oceans, aquifers, and groundwater.) Water pollution occurs when pollutants are directly or indirectly discharged into water bodies without adequate treatment to remove harmful compounds. Water pollution affects plants and organisms living in these bodies of water. in almost all cases the effect is damaging not only to the individual species and populations but also to the natural biological communities.
Will have to pay higher prices for water due to costs of decontamination or drink contaminated water.
Rest of the world
Water pollution may cause illness or disease. As a result the population will start getting ill. Therefore productivity of workforce will decrease. As productivity decreases the GDP will decrease. Furthermore in countries like the UK where government provides healthcare the cost of healthcare will go up.
Product Market
Water pollution effects the quality and quantity of our water. This will effect things like farming production and seafood anything involving water.
Financial Markets
Money will have to go to decontamination agencies or to other method for decontaminating the water. Which could potentially race prices for consumers on water and other goods.
6.05 Water Pollution
Business Firms
If local industry is farming, farmer would not be able to use the water for farming purpose. Businesses would have to import water or install water. Costing them more to manufacture raising prices.
Factor Markets
Water pollution will effect everyone because the contaminated water being sold will cause illness.
Three possible solutions
A. Enforce existing laws and have local security around water, rivers, and lakes to make sure people are not polluting
B. Create strong foundations and get people involved in the community and spread knowledge about water pollution. Such as statistics showing how much this will affect us in the future.
C. Instead of putting money toward unnecessary projects put some money aside to clean water like the united states in the 1990's
Positive and negative externalities
Some positive and negative externalities of this issue would be that water pollution from industrial activities can harm health and well being, a positive externality would be that water is a free resource and we really have much more then we need, more then half the world is made up with water and yet we put it to waste polluting our water makes a limited quantity by our atmosphere and valuable to life, like air.
Have more laws and security around bodies of water to ensure that no more pollution continues.
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