Quota

A quota is a predetermined amount of something that is allocated or distributed. Quotas are often used in economics and business to regulate the production, sale, or distribution of goods and services. Quotas can also be used to limit the number of people or items that can be admitted into a certain area or country. Quotas are often used to ensure that certain groups or individuals are not disadvantaged or excluded from participating in certain activities.

History of Quotas

The concept of quotas has been around for centuries. In ancient times, quotas were used to regulate the production and sale of goods and services. In the Middle Ages, quotas were used to limit the number of people who could enter certain areas or countries. In the 19th century, quotas were used to limit the number of immigrants who could enter the United States. In the 20th century, quotas were used to limit the number of people who could enter certain professions or educational institutions.

In the 21st century, quotas are still used to regulate the production, sale, or distribution of goods and services. Quotas are also used to limit the number of people or items that can be admitted into a certain area or country. Quotas are often used to ensure that certain groups or individuals are not disadvantaged or excluded from participating in certain activities.

Table of Comparisons

Summary

A quota is a predetermined amount of something that is allocated or distributed. Quotas are often used in economics and business to regulate the production, sale, or distribution of goods and services. Quotas can also be used to limit the number of people or items that can be admitted into a certain area or country. For more information about quotas, you can visit websites such as Investopedia, The Balance, and the World Bank.

See Also

• Tariff
• Subsidy
• Tax
• Price Ceiling
• Price Floor
• Monopoly
• Oligopoly
• Monopsony
• Oligopsony
• Exchange Rate

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