Terms Beginning With 'q'

Quota

  • January 17, 2020
  • Team Kalkine

A limit imposed by the governments on the quantity in international trade, is termed as quota. It controls the monetary value or number of goods a nation can export or import during a specific period. The governments impose quota to encourage production in the domestic country and reduce imports from the foreign countries. Moreover, it helps in lowering the reliance of one country on another country for manufacturing of its items.

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