What is a quota?

added blog Economics

2026-08-16 20:27:39 -

What is a quota?

What Is a Quota? A quota is a government-imposed limit on the quantity of a particular good that can be imported, exported, produced, or sold during a specified period. In international trade, quotas are commonly used to restrict the amount of foreign goods entering a country. By limiting supply, a quota can protect domestic industries from foreign competition, but it can also lead to higher...

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