Feb 17, 2024 · A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. Countries use quotas in...

May 26, 2023 · What is a quota? A quota is a government-imposed restriction on the quantity of a particular good that can be imported or exported.

The meaning of QUOTA is a proportional part or share; especially : the share or proportion assigned to each in a division or to each member of a body. How to use quota in a sentence.

Quota, in the world of business and economics, has two meanings: 1. A restriction that the government imposes on imports. In other words, an import limit. With this meaning, it is a form of protectionism. 2. A proportionate part or share, such as a sales quota, i.e. the target that companies’ salespeople must hit each week, month, quarter, or year.

QUOTA meaning: 1. a fixed, limited amount or number that is officially allowed: 2. a fixed, limited amount or…. Learn more.

A quota is a trade restriction on the amount or number of goods imported or exported between countries for a specific time. There are primarily three categories: absolute, tariff rate, and tariff preferences, alongside production, import, and export restrictions.

a proportional part or share of a fixed total amount or quantity. 1660–70; < Medieval Latin, short for Latin quota pars how great a part? She explains that affirmative action involves quotas, …

quota, in international trade, government-imposed limit on the quantity, or in exceptional cases the value, of the goods or services that may be exported or imported over a specified period of time. Quotas are more effective in restricting trade than tariffs, particularly if domestic demand for a commodity is not sensitive to increases in price.

2 days ago · What is an Import Quota? An import quota is a government-imposed limit on how much of a product can enter a country within a set period. Once the limit is reached, no more imports are allowed until the next period. These quotas can apply annually, quarterly, or per shipment, depending on the trade policy. Examples South Korea’s Rice Import Quota

Mar 19, 2024 · When it comes to international trade, quotas are quantitative restrictions imposed on the import or export of certain goods. Unlike tariffs or embargoes, which involve taxes or complete bans, respectively, quotas limit the quantity …