Also known as wartime economy, wartime economics, war footing
set of contingencies undertaken by a modern state to mobilize its economy for war production
An American poster from World War I explaining sugar rations. Sugar was being conserved to provide for allied countries in Europe and support the war effort.
A war economy or wartime economy is the set of preparations undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence." Some measures taken include the increasing of interest rates as well as the introduction of resource allocation programs. Approaches to the reconfiguration of the economy differ from country to country.
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Discovered by embedding cosine similarity (sentence-transformers MiniLM, 384-dim).