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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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Quota
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INFOTEXT
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1992-09-03
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16 lines
A quota in international trade, is a
limitation on the amount of a commodity that
may be exported, imported, or produced.
Restrictions may be imposed forcibly or
voluntarily. The justification of quotas
include protection of a home industry from an
influx of cheap goods, prevention of a heavy
outflow of goods (usually raw materials)
because there are insufficient numbers to
meet domestic demand, allowance for a new
industry to develop before it is exposed to
competition, or prevention of a decline in
the world price of a particular commodity.
Subject by: Andrew Longhorn