A government imposed trade policy that limits the number of goods and services that can be imported or exported is known as quota.
Trade policy is the set of agreements, policies, and practices by way of a central authority that affect trade with overseas nations. Every nation determines its own standards for trading, such as its tariffs, subsidies, and regulations.
International locations use quotas in international alternate to help modify the volume of alternate among them and different international locations. Within the USA, there are three styles of quotas: absolute, tariff-price, and tariff-preference stage.
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