Chapter 1-- Scarce Resource & Opportunity Cost

http://www.canada.com/vancouversun/news/westcoasthomes/story.html?id=965a2e98-0b50-46bf-98cd-ae5d6633a4c7

Respect Water as a Scarce Resource

Summary
The advantage of using water will contribute to future global disaster. People are taking it for granted and are unaware of the impacts. Joe Van Belleghem, co-developer, with VanCity says that it is time to take action for developers to find ways for little water to be used in projects. As an environmental and financial solution, be believes that waste water should be considered as resource. At Dockside Green, the sewage treatment system that is on-site shows the beneficial results of what a recovery program can do. In the statistics, the conservation project can save approximately 70 million gallons of water annually, if people used water-efficient appliances, treated water, and irrigation.

Connections
As a basic need, water is essential to everyday life. The article describes that water is a limited resource and the world takes advantage of its use which is referred to the term scarce. Therefore if there is a limited amount of supply, leads us to decisions to be made such as in the article, it suggests to build a sewage treatment system to renew waste water. When making a decision, an opportunity cost is always connected. The opportunity cost would be that the money spent could have been used for something else instead of investing water projects.

Reflection
I agree to the article that we should look at water as an opportunity and change our points of view. Would working together to conserve water as much as possible be the solution? I believe it is easy for us to suggest ideas to improve life but hard for us to take action, considering that it takes a lot of people to realize and be convinced to make a difference. Facing a water crisis, eventually leads to high demand and the price of water to rise. Scarcity of water makes me wonder. Would we look for an alternative source to replace water as a solution?