AllRefer.com Reference and Encyclopedia Resource 

AllRefer Channels :: Health | Yellow Pages | | Reference | Weather

November 09, 2009  
 Earth & Environment
 Literature & Arts
 Philosophy & Religion
 Medicine
 People
 Places
 Science & Technology
 Plants & Animals
 Social Science & Law
 Sports & Everyday Life
 History
 Country Studies
A B C D E F G H I J

K L M N O P Q R S

T U V W X Y Z

 United States
 Mexico
 Canada
 Other countries
A B C D E F G H I J

K L M N O P Q R S

T U V W X Y Z

 Countries
 Flags
 Maps

You are here : AllRefer.com > Reference > Encyclopedia > Economics: Terms And Concepts > rationing
By Alphabet : Encyclopedia A-Z > R

rationing, Economics: Terms And Concepts

Related Category: Economics: Terms And Concepts

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 Administration.

See W. A. Nielander, Wartime Food Rationing in the United States (1947).



The Columbia Electronic Encyclopedia Copyright © 2009, Columbia University Press.
Licensed from Columbia University Press. All rights reserved.



Topics that might be of interest to you:

Office of Price Administration

Related Categories:

Social Sciences and the Law > Economics, Business, and Labor


More articles from AllRefer Reference on rationing



SITE MAPS


Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

About Us | Contact Us | Terms of Use | Privacy | Links Directory
Link to AllRefer.com | Add AllRefer.com Search to your site
| Healthopedia.com  
Copyright © 2009 Par Web Solutions All Rights reserved.
Site best viewed in 800 x 600 resolution.