Economic Impacts of Water Crisis

Since the beginning of human life, one of the essential needs of humans and other living beings is water. Water is involved in all agricultural activities, industry, energy production, etc. With the increase in population and the constant volume of water on the planet, many countries of the world will face a water crisis in the coming years. For this reason, it is likely that in the coming years, the issue of water supply will become one of the biggest problems of the countries of the world. Because economic development and urban development will not be possible without water resources. Many industries directly need water resources. Water is one of the factors of production in industries, and with the reduction of access to this factor of production, the amount of production decreases, and as a result of the decrease in production, the GDP rate decreases. With the decrease in production, many people become unemployed, and the unemployment rate increases. As a result of the water crisis and its economic effects, economic crisis will occur and the quality of life in human societies will decrease.