Economic Mobilization

Summary of Economic Mobilization

The orchestration and direction of a nation's economic resources under governmental auspices, toward the attainment of a clear national goal, such as the prosecution of a war. Mobilization may involve the allocation of labor and raw materials to essential projects on a priority basis, rationing of consumer items, price controls and tax increases to finance the goal and reduce inflation, and possible temporary takeover of certain resources by the government.

(Main Author: William J. Miller)