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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.
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.