rationing
ra·tion
R0053400 (răsh′ən, rā′shən)rationing
(ˈræʃənɪŋ)| Noun | 1. |  rationing - the act of rationing; "during the war the government imposed rationing of food and gasoline" |
rationing
rationing,
allotment of scarce supplies, usually by governmental decree, to provide equitable distribution. It may be employed also to conserve economic resources and to reinforce price and production controls. Originally used in community emergencies and in distributing supplies to sailors, rationing was first organized on a national scale in Great Britain during World War I, and during World War II it spread to most of the world. The methods used have varied according to the degree of rationing needed and to the products. Rationing methods include specific rationing, or allotment in terms of physical units; point rationing, the allotment of points (ration stamps) to be apportioned by the user among commodities of a given group; and value rationing, allotment in terms of expenditure. Rations may be allotted to individuals, institutions, and industrial users, or to communities, as in rural areas of undeveloped countries. In universal rationing, ration currency is issued to everyone in equal amounts; in differential rationing, the allocation is based on need and may vary according to occupation, age, sex, or health. In the so-called flow-back system, ration currency, usually distributed by the government to the consumer, moves upward from the consumer level to the manufacturer or processor as the product moves down. During World War II, rationing in the United States was administered by the Office of Price AdministrationOffice of Price Administration(OPA), U.S. federal agency in World War II, established to prevent wartime inflation. The OPA issued (Apr., 1942) a general maximum-price regulation that made prices charged in Mar., 1942, the ceiling prices for most commodities.
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Bibliography
See W. A. Nielander, Wartime Food Rationing in the United States (1947).
rationing
rationing
Managed care The allocation or distribution of a scarce product, commodity or service. See Age-based rationing, Health care rationing, Oregon plan, Red-tape rationing.ra·tion·ing
(rash'ŭn-ing)rationing
rationing
See MEDICAL RATIONING.rationing
rationing
a physical method of allocating a product that is in short supply relative to demand (EXCESS DEMAND). In a free market this situation would not arise - the excess demand would be ‘choked off and additional supply encouraged by an increase in the price of the product (see EQUILIBRIUM MARKET PRICE). But if the price is fixed below its equilibrium rate (for example, by the government wishing to hold down the prices of key products such as food), the use of ration tickets provides one practical means of allocating the available supply between consumers on an equitable basis.In Fig. 165, for example, if the price of a product is fixed by the government at Or, then it is necessary to ration the amount of output that producers are willing to supply, OQr, at this price amongst consumers who are demanding the greater amount of OQs. See also BLACK MARKET, PRICE CONTROLS.
rationing
- noun
Synonyms for rationing
noun restriction
Synonyms
- restriction
- control
- regulation
- limitation
Words related to rationing
noun the act of rationing
Related Words
- apportioning
- apportionment
- parceling
- parcelling
- assignation
- allocation
- allotment