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Water is more plentiful than diamonds, so its value is less.
Wiki User
∙ 12y ago
The value we assign to diamonds is largely influenced by their rarity and the perception of luxury, which drives up their price. Water, on the other hand, is essential for survival and readily available in most places, making it less likely for people to pay premium prices for it. Basic human needs typically take priority over luxury goods in terms of willingness to pay.
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