|
Ration
Rationing is the controlled distribution (marketing), distribution of scarcity, scarce resources, goods, services, or an artificial restriction of demand. Rationing controls the size of the ration, which is one's allowed portion of the resources being distributed on a particular day or at a particular time. There are many forms of rationing, although rationing by price is most prevalent. Rationing is often done to keep price below the market clearing, market-clearing price determined by the process of supply and demand in an free market, unfettered market. Thus, rationing can be complementary to incomes policies, price controls. An example of rationing in the face of rising prices took place in the various countries where there was rationing of gasoline during the 1973 energy crisis. A reason for setting the price lower than would clear the market may be that there is a high input , which would drive the market price very high. High prices, especially in the case of necessitie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ration Stamp
Rationing is the controlled distribution of scarce resources, goods, services, or an artificial restriction of demand. Rationing controls the size of the ration, which is one's allowed portion of the resources being distributed on a particular day or at a particular time. There are many forms of rationing, although rationing by price is most prevalent. Rationing is often done to keep price below the market-clearing price determined by the process of supply and demand in an unfettered market. Thus, rationing can be complementary to price controls. An example of rationing in the face of rising prices took place in the various countries where there was rationing of gasoline during the 1973 energy crisis. A reason for setting the price lower than would clear the market may be that there is a high input , which would drive the market price very high. High prices, especially in the case of necessities, are undesirable with regard to those who cannot afford them. However, econom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terrorism
Terrorism, in its broadest sense, is the use of violence against non-combatants to achieve political or ideological aims. The term is used in this regard primarily to refer to intentional violence during peacetime or in the context of war against non-combatants. There are various different definitions of terrorism, with no universal agreement about it. Different definitions of terrorism emphasize its randomness, its aim to instill fear, and its broader impact beyond its immediate victims. Modern terrorism, evolving from earlier iterations, employs various tactics to pursue political goals, often leveraging fear as a strategic tool to influence decision makers. By targeting densely populated public areas such as transportation hubs, airports, shopping centers, tourist attractions, and nightlife venues, terrorists aim to instill widespread insecurity, prompting Public policy, policy changes through Manipulation (psychology), psychological manipulation and undermining confidence ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Queueing
Queue areas are places in which people queue (first-come, first-served) for goods or services. Such a group of people is known as a ''queue'' (British usage) or ''line'' ( American usage), and the people are said to be waiting or standing ''in a queue'' or ''in line'', respectively. Occasionally, both the British and American terms are combined to form the term "queue line". Examples include checking out groceries or other goods that have been collected in a self service shop, in a shop without self-service, at an ATM, at a ticket desk, a city bus, or in a taxi stand. Queueing is a phenomenon in a number of fields, and has been extensively analysed in the study of queueing theory. In economics, queueing is seen as one way to ration scarce goods and services. Types Physical History The first written description of people standing in line is found in an 1837 book, '' The French Revolution: A History'' by Thomas Carlyle. Carlyle described what he thought was a strange sig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply And Demand
In microeconomics, supply and demand is an economic model of price determination in a Market (economics), market. It postulates that, Ceteris_paribus#Applications, holding all else equal, the unit price for a particular Good (economics), good or other traded item in a perfect competition, perfectly competitive market, will vary until it settles at the market clearing, market-clearing price, where the quantity demanded equals the quantity supplied such that an economic equilibrium is achieved for price and quantity transacted. The concept of supply and demand forms the theoretical basis of modern economics. In situations where a firm has market power, its decision on how much output to bring to market influences the market price, in violation of perfect competition. There, a more complicated model should be used; for example, an oligopoly or product differentiation, differentiated-product model. Likewise, where a buyer has market power, models such as monopsony will be more a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coupon
In marketing, a coupon is a ticket or document that can be redeemed for a financial discount or rebate when purchasing a product. Customarily, coupons are issued by manufacturers of consumer packaged goods or by retailers, to be used in retail stores as a part of sales promotions. They are often widely distributed through mail, coupon envelopes, magazines, newspapers, the Internet (social media, email newsletter), directly from the retailer, and mobile devices such as cell phones. ''The New York Times'' reported "more than 900 manufacturers' coupons were distributed" per household, and that "the United States Department of Agriculture estimates that four families in five use coupons. "Only about 4 percent" of coupons received were redeemed. Coupons can be targeted selectively to regional markets in which price competition is great. Most coupons have an expiration date, although American military commissaries overseas honor manufacturers' coupons for up to six months pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian People
Indian people or Indians are the Indian nationality law, citizens and nationals of the India, Republic of India or people who trace their ancestry to India. While the demonym "Indian" applies to people originating from the present-day India, it was also used as the identifying term for people originating from what is now Bangladeshi diaspora, Bangladesh and Pakistani diaspora, Pakistan prior to the Partition of India in 1947. In 2022, the population of India stood at 1.4 billion people, of various Indian ethnic groups, ethnic groups. According to United Nations forecasts, India overtook China as the world's List of countries and dependencies by population, most populous country by the end of April 2023, containing 17.50 percent of the global population. In addition to the Indian population, the Non-resident Indian and Overseas Citizen of India, Indian overseas diaspora also boasts large numbers, particularly in former British Empire, British colonies due to the historical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1973 Energy Crisis
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War. In an effort that was led by Faisal of Saudi Arabia, the initial countries that OAPEC targeted were Canada, Japan, the Netherlands, the United Kingdom, and the United States. This list was later expanded to include Portugal, Rhodesia, and South Africa. In March 1974, OAPEC lifted the embargo, but the price of oil had risen by nearly 300%: from US to nearly US globally. Prices in the United States were significantly higher than the global average. After it was implemented, the embargo caused an oil crisis, or "shock", with many short- and long-term effects on the gl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Come, First Served
Queueing theory is the mathematical study of waiting lines, or queues. A queueing model is constructed so that queue lengths and waiting time can be predicted. Queueing theory is generally considered a branch of operations research because the results are often used when making business decisions about the resources needed to provide a service. Queueing theory has its origins in research by Agner Krarup Erlang, who created models to describe the system of incoming calls at the Copenhagen Telephone Exchange Company. These ideas were seminal to the field of teletraffic engineering and have since seen applications in telecommunications, traffic engineering, computing, project management, and particularly industrial engineering, where they are applied in the design of factories, shops, offices, and hospitals. Spelling The spelling "queueing" over "queuing" is typically encountered in the academic research field. In fact, one of the flagship journals of the field is '' Queuein ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Siege
A siege () . is a military blockade of a city, or fortress, with the intent of conquering by attrition, or by well-prepared assault. Siege warfare (also called siegecrafts or poliorcetics) is a form of constant, low-intensity conflict characterized by one party holding a strong, static, defensive position. Consequently, an opportunity for negotiation between combatants is common, as proximity and fluctuating advantage can encourage diplomacy. A siege occurs when an attacker encounters a city or fortress that cannot be easily taken by a quick assault, and which refuses to surrender. Sieges involve surrounding the target to block provision of supplies and reinforcement or escape of troops (a tactic known as "investment"). This is typically coupled with attempts to reduce the fortifications by means of siege engines, artillery bombardment, mining (also known as sapping), or the use of deception or treachery to bypass defenses. Failing a military outcome, sieges can often be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Siege Of Lucknow
The siege of Lucknow was the prolonged defence of the British The Residency, Lucknow, Residency within the city of Lucknow from rebel sepoys (Indian soldiers in the British East India Company's Army) during the Indian Rebellion of 1857. After two successive relief attempts had reached the city, the defenders and civilians were Emergency evacuation, evacuated from the Residency, which was then abandoned. Background to the siege The state of Oudh State, Oudh/Awadh had been annexed by the British East India Company and the Nawab Wajid Ali Shah was exiled to Calcutta the year before the rebellion broke out. This high-handed action by the East India Company was greatly resented within the state and elsewhere in India. The first British Commissioner (in effect the governor) appointed to the newly acquired territory was Coverley Jackson. He behaved tactlessly, and Henry Lawrence (Indian Army officer), Sir Henry Lawrence, a very experienced administrator, took up the appointment only ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Rebellion Of 1857
The Indian Rebellion of 1857 was a major uprising in India in 1857–58 against Company rule in India, the rule of the East India Company, British East India Company, which functioned as a sovereign power on behalf of the The Crown, British Crown. The rebellion began on 10 May 1857 in the form of a mutiny of sepoys of the company's army in the garrison town of Meerut, northeast of Delhi. It then erupted into other mutinies and civilian rebellions chiefly in the Ganges Basin, upper Gangetic plain and central India, though incidents of revolt also occurred farther north and east. The rebellion posed a military threat to British power in that region, and was contained only with the rebels' defeat in Gwalior on 20 June 1858., , and On 1 November 1858, the British granted amnesty to all rebels not involved in murder, though they did not declare the hostilities to have formally ended until 8 July 1859. The Names of the Indian Rebellion of 1857, name of the revolt is contested, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Siege Of Ladysmith
The siege of Ladysmith was a protracted engagement in the Second Boer War, taking place between 2 November 1899 and 28 February 1900 at Ladysmith, Natal. Boer invasion of Natal Outbreak of war The Second Boer War began on 11 October 1899 when the Boer republics of Transvaal and the Orange Free State (OFS), under their Presidents Paul Kruger and Martinus Theunis Steyn respectively, declared war on the British Empire. Two days previously, the republics had issued a joint ultimatum demanding the withdrawal of British troops from the northern part of Natal—which bordered OFS on the west and Transvaal on the east—and the recall of all reinforcements dispatched to Natal in recent weeks. The British government ignored the ultimatum, which they are held to have provoked. They claimed to be protecting the interests of its own citizens who lived in Transvaal. Kruger's Afrikaner government refused to extend the franchise to Uitlanders ("foreigners"), who potentially outnumbered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
