See Also. 1  How to Repair stripped screw holes in wood. 2  How to Repair a stripped screw hole thread in a guitar neck. 3  How to Replace bObsweep's Bumper. 4  How to Do the Assembly of an UHF Antenna. 5  How to Replace bObsweep's Bumper Sensors. 6  How to Remove and Replace a Door Knob. How to Repair stripped screw holes in wood. 2  How to Repair a stripped screw hole thread in a guitar neck. 3  How to Replace bObsweep's Bumper. 4  How to Do the Assembly of an UHF Antenna.
Definition of 'Rationing' Definition: Rationing refers to an artificial control on the distribution of scarce resources, food items, industrial production, etc. In banking, credit rationing is a situation when banks limit the supply of loans to consumers. In economics, rationing refers to an artificial control of the supply and demand of commodities. Description: Rationing is done to ensure the proper distribution of resources without any unwanted waste.
The rationing function of the price mechanism. Whenever resources are particularly scarce, demand exceeds supply and prices are driven up. The effect of such a price rise is to discourage demand and conserve resources. The greater the scarcity, the higher the price and the more the resource is rationed. This can be seen in the market for oil.