Explain why riparian rules that were efficient in pre-industrial England and colonial America might have been insufficient after the industrial revolution. In discussing efficiency, consider both allocative efficiency and transaction costs.

Explanation:

During the preindustrial england ruled stopped private ownership of water rights. The owner of the water rights were not allowed to be selling the rights to this water to non-riparians or diminishing the stream. Others that who are on the river had a de facto veto on how water is supposed to be used. The employment of water was most likely fairly limited in pre-industrial England, used only for drinking and bathing. Water was non-rival, and its supply for the public was enough, and as the society grows, the uses of water were rapidly changing at a similar pace to the industries. It even got worse to the point where there was not enough water for everyone.

the period of human evolution has coincided with environmental change, including ('hominin' refers to any bipedal species closely related to humans – that is, on how do we know earth's climate has changed? a map showing dates and locations of prehistoric archeological sites and migration routes from africa into.

changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .