A production quota is a goal for the production of a good. It is typically set by a government or an organization, and can be applied to an individual worker, firm, industry or country. Quotas can be set high to encourage production, or can be used to restrict production to support a certain price level.[1]
- ^ Parkin, Michael; Powell, Melanie; Matthews, Kent (2007). Economics. Pearson Education. p. 134. ISBN 978-0-13-204122-5. Retrieved 25 March 2009.
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