Standard Article

Economics of Industrial Water Demands

Industrial Water Supply

  1. Steven J. Renzetti

Published Online: 15 APR 2005

DOI: 10.1002/047147844X.iw25

Water Encyclopedia

Water Encyclopedia

How to Cite

Renzetti, S. J. 2005. Economics of Industrial Water Demands. Water Encyclopedia. 1:549–553.

Author Information

  1. Brock University, St. Catharines, Ontario, Canada

Publication History

  1. Published Online: 15 APR 2005

Abstract

This article examines what is known regarding the economic characteristics of industrial water use. Understanding the economic dimension of industrial water use is important for several reasons. First, in some countries, industrial water use is already an important part of total water use. Furthermore, in a number of countries, the proportion of total water use accounted for by industry is rising rapidly. Second, much of industrial water use results in significant alterations in water quality. Third, industrial water use differs from water use in other sectors because many firms recycle water and because many firms may choose their source of water supply.

Keywords:

  • economics;
  • econometrics;
  • demands;
  • industry;
  • manufacturing;
  • price elasticity