ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Public Distribution System (PDS)

Detailed explanation-2: -What is the system in which the government allocates goods and services using factors other than price? Rationing because it is a system in which the government allocated goods and services using other factors other than price.

Detailed explanation-3: -In a command economy, the central government dictates the level of production of goods and controls their distribution and prices. Proponents of command economies argue government control rather than private enterprise can ensure the fair distribution of goods and services.

Detailed explanation-4: -A command economy is an economic system in which the government, or the central planner, determines what goods and services should be produced, the supply that should be produced, and the price of goods and services.

Detailed explanation-5: -Rationing is the limiting of goods or services that are in high demand and short supply. It is often undertaken by governments as a way of mitigating the impact of scarcity and dealing with economic challenges.