Why is there a need for rationing and price regulation

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Questions:

What are the problems of marshalling the economic energies of a nation at war? Are these problems eased or aggravated if the nation is a democracy? Why?
Why is there a need for rationing and price regulation?
Discuss the growth industries of the 1920s. Why did they prosper? Why did they fail to perpetuate the prosperity?
Can you see any similarities between that time and our economic woes today?

Reference no: EM133611645

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Why is there a need for rationing and price regulation : What are the problems of marshalling the economic energies of a nation at war? Are these problems eased or aggravated if the nation is a democracy? Why?

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