what is rationing system ?
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Rationing system is a controlled distribution of goods and services in an economy which is done to control the (MRP) MAXIMUM RETAIL PRICE. rationing is done due to increase in food chain by PDS.
Rationing refers to an artificial control on the distribution of scarce resources, food items, industrial production, etc. In banking, credit rationing is a situation when banks limit the supply of loans to consumers.
Rationing refers to an artificial control on the distribution of scarce resources, food items, industrial production, etc. In banking, credit rationing is a situation when banks limit the supply of loans to consumers.
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Answer:
the rationing system is a system in which the government through the public distribution system (PDS)distributes to the regions where the food is more insecure and it is stored in the ration shops or fair shops and so that the poor people can buy food grains,kerosene and sugar at a very low price than that of the market price .
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