Rationing
![]() Rationing is the controlled distribution of resources and scarce goods or services: it restricts how much people are allowed to buy or consume. Rationing, for whatever reason, controls the size of the ration, one's allotted portion of the resources being distributed on a particular day or at a particular time. ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ In economics, it is often common to use the word "rationing" to refer to one of the roles that prices play in markets, while rationing (as the word is usually used) is called "non-price rationing." Using prices to ration means that those with the most money (or other assets) and who want a product the most get the largest amount, whereas non-price rationing follows other principles of distribution. Below, we discuss only the latter, dropping the "non-price" qualifier, to refer only to marketing done by an authority of some sort (often the government).
Economics: Economics (from the Greek οίκος , 'house', and νομος , 'rule', hence "household management") is a social science that studies the production, distribution, trade and consumption of goods and services. Economics is said to be positive when it tries... Market: In general parlance, a market is a location where those willing to pay a price for something meet those willing to sell it. In marketing, a market is the sum total of potential buyers of a product.... Rationing related Images and Photos (experimental)
| ~ Table of Content ~
\n\");}
//-->
~ Related Subjects ~Assumption (1) - Positive (1) - Goods (1) - Observation (1) - Product (1) - Marketing (1) - Normative (1) - Consumption (1) - Greek (1) - Market (1) - Economics (1) - Social science (1) - Trade (1) - Distribution (1) - Production (1) -~ Community ~
| |||||||||||||||||||||||
Lexicon - Contact us/Report abuse - Privacy Policy - Spiritus-Temporis.com ©2005. - stvers1 - 2012-02-12 - evol2 - 0.35
