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Import quota


An import quota is a type of protectionist trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.

Quotas, like other trade restrictions, are typically used to benefit the producers of a good at the expense of consumers in that economy. Quotas are considered to be less economically efficient than tariffs, which in turn are less economically efficient than free trade.



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