Difference between revisions of "Quota"
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| − | The word "quota" can have two meanings: | + | The word "'''quota'''" can have two meanings: |
| − | First, it can be a number or percentage which sets an upper limit; | + | First, it can be a number or [[percentage]] which sets an upper limit; |
| − | For example, "Certain goods can be imported only in a | + | For example, "Certain [[goods]] can be imported only in a |
limited amount as established by the quota." | limited amount as established by the quota." | ||
Second, it can be a number or percentage which sets a minimum. | Second, it can be a number or percentage which sets a minimum. | ||
| − | For example, "At least 25% of raw materials must be | + | For example, "At least 25% of raw materials must be [[recycle]]d." |
(Paraphrased from American Heritage Dictionary) | (Paraphrased from American Heritage Dictionary) | ||
[[category:economics]] | [[category:economics]] | ||
Revision as of 01:07, November 2, 2007
The word "quota" can have two meanings:
First, it can be a number or percentage which sets an upper limit;
For example, "Certain goods can be imported only in a limited amount as established by the quota."
Second, it can be a number or percentage which sets a minimum.
For example, "At least 25% of raw materials must be recycled."
(Paraphrased from American Heritage Dictionary)