Answer:
All devout and able Muslims attempt a hajj (pilgrimage) to Mecca at least once in their lifetime. Because it is sacred, only Muslims are allowed to enter the city. ... As a result, Mecca can accommodate the continually increasing number of pilgrims, or hajjis.
<em>As the birthplace of Muhammad and the site of Muhammad's first revelation of the Quran (specifically, a cave 3 km (2 mi) from Mecca), Mecca is regarded as the holiest city in the religion of Islam and a pilgrimage to it known as the Hajj is obligatory for all able Muslims.</em>
The Coase Theorem says that, in an economic transaction with externalities, if property rights are well defined and if the transaction costs are low enough, then the private solution is socially optimal, with no need for government intervention to correct the situation externality, which is a market failure. The government's only role would be to ensure that property rights are well defined and that free trade flows without transaction costs.
Coase's theorem, shows how the role of institutions, especially legal ones, are important for the proper functioning of the market economy.
Answer:
Rationing is the controlled distribution of scarce resources, goods, services, or an artificial restriction of demand. Rationing controls the size of the ration, which is one's allowed portion of the resources being distributed on a particular day or at a particular time.