War Economy

A war economy refers to the economic system that is established during wartime, where the focus shifts to supporting military operations and ensuring national security. This often entails reallocating resources, prioritizing military production, and mobilizing labor to meet the demands of war. Civilian industries may be converted to produce weapons, vehicles, and supplies, while governments might increase spending and take control of certain sectors. The objective is to sustain armed forces, often leading to shortages of consumer goods, rationing, and changes in employment. Ultimately, a war economy aims to balance resource allocation between military needs and civilian life.