WORLD HISTORY

Detailed explanation-1: -There are three types of rationing, quasi-rationing, coupon rationing, and permit rationing, the most familiar of which are coupon and permit rationing.

Detailed explanation-2: -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-3: -Black Markets – The rationing policy often gives rise to the risks of parallel markets. It happens due to regulation of supplies and price capping by the government. Discourage New Suppliers – As per the law of demand and supply, the excess demand might encourage new suppliers into the market.

Detailed explanation-4: -Hard capital rationing. Hard capital rationing represents rationing that is being imposed on a company by circumstances beyond its control. Soft capital rationing. 12-Dec-2022