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2 meanings: 1. the proportional share or part of a whole that is due from, due to, or allocated to a person or group 2. a.... Click for more definitions.
Feb 17, 2024 · Quota: A quota is a government-imposed trade restriction that limits the number, or monetary value, of goods that can be imported or exported during a particular time period. Quotas are used in ...
Quota is a noun that means an official limit on the number or amount of something that is allowed or required. Learn how to use quota in a sentence, find out its synonyms and antonyms, and explore its origin and pronunciation in the Longman Dictionary of Contemporary English.
quo·ta. n. 1. A proportional share, as of goods, assigned to a group or to each member of a group; an allotment. 2. A production assignment. 3. a. A number or percentage, especially of people, constituting or designated as an upper limit: a country with strict annual immigration quotas.
Nov 21, 2023 · Import Quota Definition. An import quota is a government-imposed limit on the quantity (units, pounds, gallons) of a specific product brought into the country during a particular period, known as ...
Tariff quotas may be distinguished from import quotas. A tariff quota permits the import of a certain quantity of a commodity duty-free or at a lower duty rate, while quantities exceeding the quota are subject to a higher duty rate. An import quota, on the other hand, restricts imports absolutely.
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. Protectionism is an attempt by a nation’s government to ...
