Home > Terms > Armenian (HY) > նորմավորում

նորմավորում

Although economists say that rationing is what the price mechanism does, what most people think of as rationing is an alternative to letting prices determine how scarce economic resources, goods and services are distributed (see also queuing). Non-price rationing is often used when the distribution decided by market forces is perceived to be unfair. Rationing may lead to the creation of a black market, as people sell their rations to those willing to pay a high price (see black economy).

0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Isanyan
  • 0

    Terms

  • 0

    Blossaries

  • 5

    Followers

Industry/Domain: Fashion Category: Brands & labels

Վիկտորիաս Սիքրեթ

A US retailer of premium quality women's fashion wear, lingerie and beauty products. Victoria's Secret is known for its annual fashion runway show, ...

Featured blossaries

Laptop Parts

Category: Technology   1 7 Terms

Celestial Phenomena

Category: Geography   1 14 Terms

Browers Terms By Category