what is rampant food shortages,and hoarding and bl;ack marketing..explain with examples..
Rampant food shortages: It means shortage of food. It happens because fewer and fewer farmers are growing food crops on less and less agricultural land.
Hoarding: The act of accumulating any product during time of crisis is called hoarding.
Black Marketing: The inefficiencies of the ration shops along with the excess demand give rise to serious problem of ‘Black marketing’. It refers to the problem when goods are sold at higher price than the legislated price fixed by the government. This further worsens the situation for the poor people, as the goods are diverted from the ration shops to the black market.
Hoarding: The act of accumulating any product during time of crisis is called hoarding.
Black Marketing: The inefficiencies of the ration shops along with the excess demand give rise to serious problem of ‘Black marketing’. It refers to the problem when goods are sold at higher price than the legislated price fixed by the government. This further worsens the situation for the poor people, as the goods are diverted from the ration shops to the black market.