has an economic value in all its competing uses and should be recognised
as an economic good.
Within this principle, it is vital to recognise first the basic
right of all human beings to have access to clean water and sanitation
at an affordable price.
has a value as an economic good as well as a social good.
Many past failures in water resources management are attributable
to the fact that the full value of water has not been recognised
and has led to wasteful and environmentally damaging uses of the
Treating water as an economic good is an important means for decision
making on the allocation of water. This is particularly important
when extending supply is no longer a feasible option.