Economy, asked by Ishika1617, 1 year ago

What is rationing? Why the concept of rationing is introduced in India?

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Answered by Tiasunep

8

Definition: 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. In economics, rationing refers to an artificial control of the supply and demand of commodities.

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