Question

Why do you think there are so few cases of private water supplyin the world?

Answer 1

Because if the supply of water is left into the hands of private organisations,they will increase the price to a very great extent.An extent that will make many people suffer for water.The demand for water being inelastic and when in the hands of private players,will shatter down the objective of social welfare.

Answer 2

Answer :

Water is an essential public facility that needs to be provided for everyone without considering the aspect of profit or loss.

But , the private companies operate mainly for profit notion. They hardly care whether the product is with in the reach of every person or not.

This is the reason why there are few cases of private water supply in the world.

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