Choose whether the given statement is True/False.

Private companies should be banned entirely from taking over the task of water supply.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
Water is a public good. However, there is only a limited amount of water to meet the needs of everyone. Thus, there is a need to regulate the supply of water. In the majority of countries, the task of water supply is assigned to the government. Water supply should be a public facility enjoyed by the country's residents. However, there may be instances where the government may be unable to supply the needed water due to a lack of infrastructure, such as water pumps, etc. Some municipalities operate at a loss because, unlike private companies motivated by profit, government municipalities cannot be driven by profit and unilaterally raise prices. Therefore, private companies should be allowed to undertake the water supply task in such cases.
Thus, the correct statement should be that private companies should not be banned entirely from taking over the task of water supply.

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