A quota is a trade limitation put in place by the government that restricts how many or how much money may be spent on items that a nation can import or export at one time.
Quotas are used by nations in international trade to control the amount of trade that occurs between them and other nations. To decrease imports and boost domestic production, nations occasionally impose quotas on particular products. The idea of quotas is to increase home production by limiting international competition. Quota-implementing government initiatives are frequently referred to as protectionism policies. Governments may also implement similar regulations if they have reservations about the reliability or security of imports from other nations.
Tariffs and customs, which impose charges on imports and exports, are different from quotas. As preventative measures, governments set both quotas and tariffs.
Learn more about quota here: https://brainly.com/question/22528086
#SPJ4
