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What is a socioeconomic drought?

Updated: 9/15/2023
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13y ago

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Socioeconomic drought occurs when the demand for an economic goods exceeds supply as a result of a weather-related shortfall in water supply. The supply of many economic goods, such as water, forage, food grains, fish, and hydroelectric power, depends on weather. Due to variability of climate, water supply is sufficient in some years but not satisfactory to meet human and environmental needs in other years. The demand for economic goods is increasing as a result of increasing population. Supply may also increase because of improved production efficiency and technology.

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