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quota

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quota

In international trade, a limitation on the amount of a commodity that may be exported, imported, or produced. Restrictions may be imposed forcibly or voluntarily.

The justification of quotas include protection of a home industry from an influx of cheap goods, prevention of a heavy outflow of goods (usually raw materials) because there are insufficient numbers to meet domestic demand, allowance for a new industry to develop before it is exposed to competition, or prevention of a decline in the world price of a particular commodity.

The European Union's Common Agricultural Policy has introduced quotas to limit the production of milk because rising herd yields and a trend towards a healthier low-fat diet have led to overproduction. Dairy farmers will not be paid for any milk produced above a set limit.



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? Mentioned in ? References in classic literature
 
The peasants are very exact in supplying their quota, being obliged to pay double the value in case of failure; and very often when they have produced their full share, they are told that they have been deficient, and condemned to buy their peace with a large fine.
A Voyage to Abyssinia by Lobo, Father View in context
Let it not be imagined, however, that I consider myself competent to reform the errors and abuses of society, but only that I would fain contribute my humble quota towards so good an aim; and if I can gain the public ear at all, I would rather whisper a few wholesome truths therein than much soft nonsense.
The Tenant of Wildfell Hall by Bronte, Anne View in context
Having purchased the usual quota of shirts and shoes, he took a leisurely promenade about the streets, where crowds of people of many nationalities--Europeans, Persians with pointed caps, Banyas with round turbans, Sindes with square bonnets, Parsees with black mitres, and long-robed Armenians--were collected.
Around The World In Eighty Days by Verne, Jules View in context
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