What are the two rationing devices that determine who gets what of the available and limited good or resource?
Answers
Answer:
ECONOMY GOVERNMENT & POLICY
Rationing
By WILL KENTON
Updated Dec 6, 2019
What Is Rationing?
Rationing is the practice of controlling the distribution of a good or service in order to cope with scarcity. Rationing is a mandate of the government, at the local or federal level. It can be undertaken in response to adverse weather conditions, trade or import/export restrictions, or in more extreme cases, during a recession or a war.
KEY TAKEAWAYS
Rationing is the limiting of goods or services that are in high demand and short supply.
It is often undertaken by governments as a way of mitigating the impact of scarcity and deal with economic challenges.
Rationing risks generating black markets and unethical practices as people try to circumvent the austerity mandated by a ration.