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Scare Economic Resource in Uae

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Submitted By aiisha
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Discuss any economic resource which is scarce in UAE or a well-known country. Then analyze the pros and cons of the government procedures which have been carried out toward this problem. In your opinion, what are the most effective suggestions to solve this scarcity problem?

INTRODUCTION:

Economic resources are the land, labor, capital and entrepreneurial ability that are combined to produce outputs in order to meet the ever-changing needs and wants of individuals and society as the whole. They earn, rent, wages, interest, and profit, respectively as their resource payments.
Good and services that are scarce are economic goods. Scarcity is the basic economic problem that is unlimited human needs and wants, in a world of limited resources.

UAE is oil rich country which is in a serious danger of losing its water resource in the coming 50 years. Abu Dhabi is one of the richest emirates swallow around 550 liters of water per day by per person which is comparatively quite more as compare to other countries in the world.UAE government incurs lot of money on the energy cost as desalination plants are set up in order to provide fresh water. Desalination plants costs $18 million a day, apart from this they also have huge environmental impact.

The arid climate of the country plays a significant role in the water resources availability. Rainfall, which is a main source of recharge for different water resources, such as surface water and groundwater, is scanty and extremely irregular in time and space. Evaporation, which reduces the amount of surface water, is high. Heavy pumping of groundwater has deteriorated groundwater levels. The continued reduction of water storage will hinder the development in the country.

MAJOR WATER RESOURCES IN UAE:

The water resources in United Arab Emirates can be classified into conventional and non-conventional resources. The

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