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uncountable noun. Rationing is the system of limiting the amount of food, water, petrol, or other necessary substances that each person is allowed to have or buy when there is not enough of them. The municipal authorities here are preparing for food rationing.
The Two-Price System: U.S. Rationing During World War II. As the United States mobilized for war after mid-1940, the governmentâs demands for munitions and related resources began to put pressure on certain markets, and soon prices began to rise.