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Line 1: − A quota in economics is a limit on the quantity of a good that may be imported.+ − A quota in affirmative action is a predetermined, fixed percentage of selected individuals (such as employees or students) who must be members of a certain race. It is generally illegal to use actual quotas in hiring or school admissions.+ + + + +
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The quota can have two meanings:
First, it can be a number or percentage which sets an upper limit;
Second, it can be a number or percentage which sets a minimum.
(Paraphrased from American Heritage Dictionary)