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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (558959)	4/6/2010 3:59:12 PM
From: TimF	Respond to of 1578023

Rationing is a word with different meanings. Its broadest meaning applies to any situation where a limit or method of allocation is applied to a scarce resource. That would include "rationing by price" in the normal operation of a free market economy. That isn't a made up or false definition. OTOH the most common meaning when the term is used by non-economists is government control over the scarce resources. A side note "scarce resources" doesn't imply they are rare or undersupplied. Its any resource that that is an "economic good" or in other words any resource that is desired but isn't available to such an extent as to cover any remotely possible demand. Salt water isn't a scarce good on earth, neither is air, but safe drinking water should be considered a scarce good, not just things like diamonds or gold.