Final answer:
The issuance of new shares by the World Water Corporation directly to the public to finance capital works is an example of a transaction in the primary market, particularly an initial public offering (IPO).
Step-by-step explanation:
When the World Water Corporation issues new shares directly to the public to fund capital works, this is an example of a transaction in the primary market. The primary market is where securities are created and sold for the first time to the public. This process is distinct from transactions in the secondary market, where existing shares are traded among investors without the company receiving any new funds. Specifically, when a company like the World Water Corporation sells stock for the first time, this is known as an initial public offering (IPO), which plays a critical role by providing the firm with financial capital for growth and allowing early investors to sell their ownership to the public.