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An import quota is a type of "protectionist "trade restriction that sets a physical limit on the quantity of a good that can be "imported into a country in a given period of time.[1]

Quotas, like other trade restrictions, are typically used to benefit the producers of a good at the expense of consumers in that economy. Quotas are considered to be less economically efficient than "tariffs, which in turn are less economically efficient than "free trade.["citation needed]

See also[edit]


  1. ^ "O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Pearson Prentice Hall. p. 449. "ISBN "0-13-063085-3. 

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