Keyword Analysis & Research: rationed goods

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What does it mean to trade goods for rationing?

BREAKING DOWN 'Rationing'. These allow people to trade rationed goods they may not want for ones they do. They also allow people to sell goods and services for prices that are more in line with demand, undermining the intent of rationing and price controls, but sometimes alleviating shortages.

Which is the best description of the concept of rationing?

Rationing is the controlled distribution of scarce resources, goods, or services, or an artificial restriction of demand. Rationing controls the size of the ration, which is one's allotted portion of the resources being distributed on a particular day or at a particular time.

Why is rationing of goods and services counterproductive?

If the reality were this simple, rationing would be both counterproductive—because it creates shortages—and unnecessary, since the market will act to re-stabilize itself. The problem is that for some goods and services—food, fuel, and medical care—demand is inelastic; that is, it does not fall in proportion to increases in price.

What was the purpose of rationing during World War 2?

Rationing is the controlled distribution of scarce resources, goods, or services, or an artificial restriction of demand. Rationing controls the size of the ration, which is one person's allotted portion of the resources being distributed on a particular day or at a particular time. Rationing in the US was introduced in stages during World War II .


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