Answer:
Water is known as a universal solvent as it possesses the tendency to dissolve different kinds of components in comparison to any other solvent. The chemical structure of water like its atoms exhibits a balanced electrical charge and alignment of polar makes it capable of differentiating various ionic components and provides balanced attraction to various elements, which is appropriate for any substances or life forms.
Though this could be an issue in everyday life as considered as a universal solvent it does not essentially dissolve each of the components. As water solitarily cannot be used in getting rid of oils as it cannot dissolve fats and waxes, and in dissolving huge concentrations of sugar and salt in the body.