👉 Rationing is a concept in economics that refers to the practice of allocating scarce resources or goods to individuals, groups, or organizations based on their individual needs and preferences. It involves distributing goods or services in such a way as to ensure that everyone receives an equal share of what they need or want. In other words, rationing is a method by which individuals or groups are given goods or services that meet their specific needs rather than being allocated according to the quantity or quality of those goods or services
