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Jump to navigationJump to searchCreated page with 'File:lighterstill.jpgright|frame ==Origin== Medieval Latin, from Latin ''quota pars'' how great a part *[http://en.wikipedia.org/wiki/17th_century...'
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==Origin==
Medieval Latin, from [[Latin]] ''quota pars'' how great a [[part]]
*[http://en.wikipedia.org/wiki/17th_century 1618]
==Definitions==
*1: a [[proportional]] part or share; especially : the share or proportion assigned to each in a division or to each member of a [[body]]
*2: the number or amount constituting a proportional share
*3: a fixed number or percentage of [[minority]] group members or women needed to meet the requirements of affirmative action
==Description==
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 limit production to [[control]] the supply of goods. The aim of restricting supply is to maintain a certain price level.
On 16 June 1953, a production quota increase of 10 percent for workers building [http://en.wikipedia.org/wiki/East_Berlin East Berlin]'s new boulevard, the ''Stalinallee'' (today known as [http://en.wikipedia.org/wiki/Karl-Marx-Allee Karl-Marx-Allee]), resulted in [[demonstrations]] and the [http://en.wikipedia.org/wiki/Uprising_of_1953_in_East_Germany uprising of 1953 in East Germany].
Quotas, like other trade restrictions, are used to benefit the producers of a good at the expense of all [[consumers]] in that [[economy]]. Possible effects are [[corruption]] PCC for short (bribes to get a quota allocation) or [http://en.wikipedia.org/wiki/Smuggling smuggling] (circumventing a quota) They are thought to be less economically [[efficient]] than [http://en.wikipedia.org/wiki/Tariff tariffs] which in turn are less economically efficient than [http://en.wikipedia.org/wiki/Free_trade free trade].
[[Category: Economics]]
==Origin==
Medieval Latin, from [[Latin]] ''quota pars'' how great a [[part]]
*[http://en.wikipedia.org/wiki/17th_century 1618]
==Definitions==
*1: a [[proportional]] part or share; especially : the share or proportion assigned to each in a division or to each member of a [[body]]
*2: the number or amount constituting a proportional share
*3: a fixed number or percentage of [[minority]] group members or women needed to meet the requirements of affirmative action
==Description==
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 limit production to [[control]] the supply of goods. The aim of restricting supply is to maintain a certain price level.
On 16 June 1953, a production quota increase of 10 percent for workers building [http://en.wikipedia.org/wiki/East_Berlin East Berlin]'s new boulevard, the ''Stalinallee'' (today known as [http://en.wikipedia.org/wiki/Karl-Marx-Allee Karl-Marx-Allee]), resulted in [[demonstrations]] and the [http://en.wikipedia.org/wiki/Uprising_of_1953_in_East_Germany uprising of 1953 in East Germany].
Quotas, like other trade restrictions, are used to benefit the producers of a good at the expense of all [[consumers]] in that [[economy]]. Possible effects are [[corruption]] PCC for short (bribes to get a quota allocation) or [http://en.wikipedia.org/wiki/Smuggling smuggling] (circumventing a quota) They are thought to be less economically [[efficient]] than [http://en.wikipedia.org/wiki/Tariff tariffs] which in turn are less economically efficient than [http://en.wikipedia.org/wiki/Free_trade free trade].
[[Category: Economics]]
