Difference between revisions of "Quota"
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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 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 [[recycle]]d." | |
(Paraphrased from American Heritage Dictionary) | (Paraphrased from American Heritage Dictionary) | ||
| − | [[ | + | [[Category:Economics]] |
Latest revision as of 18:06, July 13, 2016
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)