Definition: Limits on the amount of a good produced, imported, exported or offered for sale.
Related glossary term: ...
Quotas and Quota System
Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption during specified periods.
A system of controlling imports, exports or production by specifying a certain limitation.
Many governments have established quotas of limiting imports by class of goods or country of origin. Sometimes importing countries require issuance of licenses before U.S. companies may ship to them.
A specific restrictions or ceilings imposed by an exporting country on the value or volume of certain exports to protect domestic producers and consumers from temporary shortages of the goods affected or to bolster their prices in ...
A two tier tariff system, i.e. when imports within a set quota may enter at a lower tariff rate than imports exceeding such a quota.
Franšais: Tarifs par quotas
Espa˝ol: Contingente arancelario ...
Specified maximums which a nation places on the value or volume of certain of its exports.
Export Restraints ...
Import quotas. Government-imposed limits on the quantities of certain goods and services allowed to be imported. Like import tariffs, import quotas are used by governments to protect domestic industries from foreign competition. See protection.
Quotas on pollution. Often it is advocated that quotas should be implemented by way of tradeable emissions permits, which if freely traded may ensure that reductions in pollution are achieved at least cost.
Ô-║ QuotasÔÇÄ (1 C, 13 P)
Ô-║ Rationing and licensingÔÇÄ (1 C, 15 P) ...
Import quotas once played a much greater role in global trade, but the 1995 renegotiation of GATT has made it increasingly difficult for a country to introduce them.
Quantity restrictions imposed by the government of one nation on imports from other nations. The primary goal of import quotas is to reduce imports and increase domestic production.
Tariff Rate Quotas
(Customs) Application of a higher duty rate to imported goods after a specified quantity of the item has entered the country at a lower prevailing rate.
Tariff Schedule ...
The system of quotas and subsidies presents another complicated problem. After the fall of communism, the Central and Eastern European countries adjusted to the market and became more productive.
Countries have voting power in the IMF in proportion to their IMF quotas.
The migration of people into a country.
Economic growth that makes the country worse off.
Protectionism Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
(kńrtl´), national or international organization of manufacturers or traders allied by agreement to fix prices, limit supply, divide markets, or to fix quotas for sales, manufacture, or division of profits among the member firms.
firms would produce if left to themselves (that is, to produce at levels where the marginal cost of production is well below the price per unit), the cartel must also work out some mutually acceptable formula for assigning maximum production quotas ...
- freer - lowering trade barriers through negotiation; barriers include customs duties or tariffs and measures such as import bans or quotas that restrict quantities selectively; ...
In the absence of government quotas there are no barriers to entry (Strike 1). These commodity producers are forced to sell at a market price determined by competing on price (Strike 2).
Things like import and export taxes, tariffs, inspection regulations, and quotas can all be part of a nation's trade policy.
Free trade agreements reduce or eliminate tariffs and quotas between trading partners. The largest free trade agreement is NAFTA, or the North American Free Trade Agreement, which is between the U.S., Canada and Mexico.
OPEC acts as an oil cartel, trying to fix prices by controlling output, primarily through production quotas. OPEC members control about two-thirds of the world's estimated reserves of oil.
strategy of imposing high tariffs or establishing quotas on foreign imports for the purposes of stemming the tide of foreignmade goods coming into the country and competing with domesticmade goods.
Business / Agriculture / Marketing Quotas (Or Allotments): Authorized by the Agricultural Adjustment Act of 1938, these quotas (sometimes called poundage quotas) limit marketings of certain commodities.
economy with production quotas an economy in which production is governed by quotas. Controlled economies and monopolies are the opposite of market competition.
Related definitions of "controlled economy"
See also competition ...
Such constraints can take the form of tariffs, quotas, exchange controls, or non-tariff barriers (Sec.I).
Protecting domestic industry from import competition by means of tariffs, quotas, and other
Policy of tariffs or import quotas to protect domestic producers from foreign competition.
Protectionism Using tariffs, trade restrictions and quotas to protect domestic industry and businesses from competition from overseas. … [Read more...]
Author: Skip Stamous Filed Under: p Tagged With: P Glossary, Protectionism ...
A type of sampling where quotas are set for certain cells or demographics.
A sample taken from any given population in which each person maintains equal chances of being selected.
Tariff Rate Quota. Tariff rate quotas provide two rates of duty for a product -- a lower within quota rate and a higher over quota rate.
1, autonomous tariff suspensions and tariff quotas, preferential arrangements, anti-dumping, countervailing, safeguard and retaliatory duties, ...
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Protecting domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
A feature of some callable bonds that establishes an initial period when the bonds may not be called.
They can include mechanisms to influence market prices by adjusting export quotas and production when market prices reach certain trigger price levels.
A form of restrictive trade where barriers to trade are set up and take a form other than a tariff. Nontariff barriers include quotas, levies, embargoes, sanctions and other restrictions, and are frequently used by large and developed economies.
Trade Restrictions - Are taxes, tariffs, capital constraints, multiple currency rates dependent on type of transaction, quotas, and other impediments or requirements to execute an exchange of goods, services or financial transactions.
Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
Cartel An association of suppliers in an industry that agrees to set common prices and output quotas to prevent competition.
Non-tariff Barrier: Trade-restrictive practices other than custom tariffs (e.g., import quotas).
North American Free Trade Agreement (NAFTA): A treaty allowing for free trade and investment between Canada, U.S., and Mexico.
An international organisation founded in 1947 to promote maintenance of equilibrium in the balance of payments among the various nations of the world. The functions of the IMF include the levying of quotas on member nations to create a pool of funds ...
Collusive oligopoly - Where oligopolists agree, (formally or informally) to limit competition between themselves. They may set output quotas, fix prices, limit product promotion or development, or agree not to 'poach' each other's markets.
Quantitive Restrictions (QR) - Restrictions on trade, generally in the form of quotas, that limit the quantity o a good or service that can be imported or exported. Another form of quantity restriction is a VER, or Voluntary Export Restraint.
economies work on the assumption that market forces, such as supply and demand, are the best determinants of what is right for a nation's well being. These economies rarely engage in government interventions such as price fixing, license quotas and ...
They are volatile and currently sell for about $10 to $15. The price is heavily influenced by the European Union's emissions trading scheme because companies can also buy CDM credits to fulfil their quotas.  ...
life of a loans officer, where people would line up outside the office to request a loan, is over. Now, more than ever, loan officers are starting to feel the pressures of finding new customers. In some cases, they even have monthly quotas to fill.
Some cartels in international markets are operated by national governments; the best example of this the oil cartel OPEC. OPEC sets output quotas rather than selling prices, but as price depends on supply the effect is the same.
Although intended to protect a country's economy from foreign competitors, it usually makes the protected country worse off than if it allowed international trade to proceed without hindrance from trade barriers such as QUOTAS and TARIFFS.
Protection [r]: In international economics, a restriction upon trade by the imposition of quotas or tariffs. [e]
Public choice theory [r]: A theory of government decision-making that takes account of rent-seeking by decision-makers. [e] ...
See also: Tariff, Tariffs, Barriers, Index, Transaction