Administrative Decision

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August 31, 2024 4 min read Definitions

Rationing: Allocation of Scarce Commodities by Administrative Decision

Economics Government Regulations Rationing Scarcity Wartime Economy Administrative Decision Economic Policy

Rationing involves the controlled allocation of scarce resources and commodities, typically by government intervention, to ensure equity and efficiency. Common during wartime, rationing aims to prevent shortages but can lead to inefficiencies and increased consumption.

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