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Import Quotas: Meaning, Objectives and Types | International Economics

In this article we will discuss about:- 1. Meaning of Import Quotas 2. Objectives of Import Quotas 3. Types. Meaning of Import Quotas: The import quota means physical limitation of the quantities of different products to be imported from foreign countries within a specified period of time, usually one year. The import quota may be […]

Effects of Import Quotas: 7 Effects | International Trade | Economics

The import quotas can have various effects such as price effect, protective or production effect, consumption effect, revenue effect, redistributive effect, terms of trade effect and balance of payments effect. Some of them can be studied under the partial equilibrium analysis while some others under general equilibrium system. However, these effects have been almost exclusively […]

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