The concept of "non-price rationing" means that, in general, we can deal with scarcity just as well without prices as with prices.

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Non-price rationing refers to the use of methods other than prices to allocate scarce goods or services, such as waiting lists or lotteries. While non-price rationing can be effective in some situations, it is generally argued that it is less efficient and less effective than using prices as a signal to allocate resources. Therefore, in general, we cannot deal with scarcity just as well without prices as with prices.

The Concept of "Non-Price Rationing" Means That, in General, We