Difference between revisions of "Quota"

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)

@@ Line 1: / Line 1: @@
-A quota in economics is a limit on the quantity of a good that may be imported.
+The word "'''quota'''" can have two meanings:
-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.
+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 [[recycle]]d."
+(Paraphrased from American Heritage Dictionary)
+[[Category:Economics]]