Difference between hoarding and rationing
Answers
Answer:
Definition: Rationing refers to an artificial control on the distribution of scarce resources, food items, industrial production, etc. ... In economics, rationing refers to an artificial control of the supply and demand of commodities.
Explanation:
Definition: Rationing refers to an artificial control on the distribution of scarce resources, food items, industrial production, etc. ... In economics, rationing refers to an artificial control of the supply and demand of commodities.
Answer:
Definition: Rationing refers to an artificial control on the distribution of scarce resources, food items, industrial production, etc. ... In economics, rationing refers to an artificial control of the supply and demand of commodities.
Explanation:
Since consumers incur smaller than desired expenditures for rationed goods and services, rationing may lead to increased demand for other commodities that can be purchased freely. Secondary economic effects result from hoarding. Hoarding is an increase in demand.
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