ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Limiting the amount of food a community gets.
A
Lottery
B
Command
C
Rationing
D
Sharing Equally
Explanation: 

Detailed explanation-1: -(fuːd ˈræʃənɪŋ ) the practice of having a fixed allowance of food, esp a statutory one for civilians in time of scarcity or soldiers in time of war.

Detailed explanation-2: -The aim of rationing was to conserve food supplies, ensure fair distribution and control rising prices caused by food becoming more scarce. For wealthy people these price rises were an inconvenience but for the poor they meant less money to spend on other essentials.

Detailed explanation-3: -Even though thousands of items became scarce during the war, only those most critical to the war effort were rationed. Key goods such as sugar, tires, gasoline, meat, coffee, butter, canned goods and shoes came under rationing regulations. Some important items escaped rationing, including fresh fruit and vegetables.

Detailed explanation-4: -Definition: Rationing refers to an artificial control on the distribution of scarce resources, food items, industrial production, etc.

There is 1 question to complete.