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Economics glossary · The global economy

Import quota

What import quota means in economics, as one of forms of protectionism, with an example and a question to test yourself.

Definition
Import quota
An import quota is a numerical limit on the quantity of a product that a country can import.
Example

Can you think of an example of import quota?

Test yourself

Can you name the four forms of protectionism?

Learn it properly: the module

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