Difference between revisions of "Rationing"
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Rationing during wartime is common in many countries. Rationing is also common in communist countries. | Rationing during wartime is common in many countries. Rationing is also common in communist countries. | ||
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Revision as of 20:58, July 30, 2007
Rationing is limiting the purchase or use of a good. Typically this term refers to rationing by the government when its policies result in a supply less than demand.
The most common form of rationing results from price controls, whereby the government limits the price that can be charged for a good. This reduces supply and not everyone wanting to purchase the good can do so.
Rationing during wartime is common in many countries. Rationing is also common in communist countries.