market based on competition
Scarcity arises when limited resources are insufficient to meet unlimited wants and needs. This imbalance necessitates a rationing device, which is a mechanism that allocates resources among competing uses. Common rationing devices include prices, first-come-first-served systems, and lotteries. By utilizing these devices, societies can manage resource distribution efficiently and prioritize needs.
rationing certain goods
Price is the rationing mechanism. Whoever can afford it, will by it.
The United States economy does not have a rationing device
The U.S. government instituted rationing during World War II to manage scarce resources and ensure that military personnel had sufficient supplies while also supporting the war effort. Rationing helped control inflation and prevent shortages of essential goods, such as food, fuel, and raw materials, by limiting the amount that civilians could purchase. This system aimed to promote equitable distribution and encourage conservation among the population, ultimately aiding in the nation's mobilization for war.
Rationing is a common form of distribution in a centrally-planned economy.
We're rationing our party supplies, this week.
Rationing
Rationing was done during World War II.We are rationing the chocolate during our diet.
Scarcity arises when limited resources are insufficient to meet unlimited wants and needs. This imbalance necessitates a rationing device, which is a mechanism that allocates resources among competing uses. Common rationing devices include prices, first-come-first-served systems, and lotteries. By utilizing these devices, societies can manage resource distribution efficiently and prioritize needs.
to ensure proper distribution of food among people
rationing certain goods
Because it took some time to re-establish trade routes and re-stock warehouses, distribution centres and retail outlets with produce. Rationing stopped people 'stockpiling' items.
The adjective forms for the verb to ration are the present participle, rationing (rationing procedures), and the past participle, rationed (the rationedservings).
Rationing of goods is typically planned by government authorities during times of crisis, such as wars or economic hardship, to ensure the equitable distribution of scarce resources. In the United States during World War II, for example, the Office of Price Administration (OPA) was responsible for implementing rationing policies. Similarly, other countries had their respective agencies and measures to control the distribution of essential goods. Rationing is often part of broader economic strategies to manage shortages and maintain social stability.
Food rationing began in 1939 then ended in 1954
Rationing in the UK lasted for about 14 years, beginning during World War II in 1939 and continuing until 1954. Initially introduced to manage shortages and ensure fair distribution of food and goods, rationing gradually eased after the war but remained in place for several years due to ongoing economic challenges. It officially ended in July 1954 when the last items, including sweets, were removed from rationing.