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Rationing is the controlled distribution of scarce resources, goods, services, [1] or an artificial restriction of demand. Rationing controls the size of the ration, which is one's allowed portion of the resources being distributed on a particular day or at a particular time. There are many forms of rationing, although rationing by price is ...
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.
The rationing never came about, in large part because increasing North Sea oil production allowed the UK to offset much of the lost imports. By the time of the 1979 energy crisis , the United Kingdom had become a net exporter of oil , so on that occasion the government did not even have to consider petrol rationing.
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Welcome to Trump's Age of Rationing. On Tuesday, the Drudge Report’s front page blared yet another warning sign for Republicans: “EGG RATIONING BEGINS. ” In case anyone missed the point, he ...
Healthcare rationing in the United States exists in various forms. Access to private health insurance is rationed on price and ability to pay. Those unable to afford a health insurance policy are unable to acquire a private plan except by employer-provided and other job-attached coverage, and insurance companies sometimes pre-screen applicants for pre-existing medical conditions.
Many U.S. hospitals are struggling to find chemotherapy drugs, antibiotics and other lifesaving treatments amid an escalating nationwide drug shortage crisis, new survey finds.
Credit rationing by definition is limiting the lenders of the supply of additional credit to borrowers who demand funds at a set quoted rate by the financial institution. [1] It is an example of market failure , as the price mechanism fails to bring about equilibrium in the market .