Home >  Term: квота
квота

A form of protectionism. A country imposes limits on the number of goods that can be imported from another country. For instance, France may limit the number of cars imported from Japan to, say, 20,000 a year. As a result of limiting supply, the price of the imported good is higher than it would be under free trade, thus making life easier for domestic producers.

0 0

Creator

  • Jasmin
  • (Macedonia)

  •  (Diamond) 7632 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.