What does “rationing” refer to in political economics? 🔊
In political economics, “rationing” refers to the controlled distribution of scarce resources or goods, typically during periods of high demand or limited supply. Governments or organizations may implement rationing to ensure fair access and proper allocation among the population, preventing shortages or price inflation. This concept is often applied during crises, such as war or natural disasters, and can also be observed in regulated markets. Rationing raises important discussions about economic equity, resource management, and government intervention in the market.
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