An import quota is a type of 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 in that economy (protectionism).
Quota shareedit
The quota share is a specified number or percentage of the allotment as a whole quota, that is prescribed to each individual entity.
For example, the United States imposes an import quota on cars from Japan. The Japanese government may see fit to impose a quota share program to determine the number of cars each Japanese car manufacturer may export to the United States. Any extra number that a manufacturer wishes to export must be negotiated with another manufacturer that did not or cannot maximize its share of the quota.
There are also quota share insurance programs, where the liability and the premiums are divided proportionally among the insurers. For example, three companies take out a $1,000,000 fire insurance policy on a quota share basis with company A assuming 50% ($500,000), company B 30% ($300,000), and company C 20% ($200,000). If the annual premium was $5,000, company A would receive $2,500 in premium, B would receive $1,500, and C would receive $1,000. Company A would pay 50% of any one claim, Company B would pay 30% of any one claim, and Company C would pay 20% of any one claim.
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import, quota, import, quota, type, trade, restriction, that, sets, physical, limit, quantity, good, that, imported, into, country, given, period, time, quotas, like, other, trade, restrictions, typically, used, benefit, producers, good, that, economy, protect. An import quota is a type of 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 in that economy protectionism Quota share editThe quota share is a specified number or percentage of the allotment as a whole quota that is prescribed to each individual entity For example the United States imposes an import quota on cars from Japan The Japanese government may see fit to impose a quota share program to determine the number of cars each Japanese car manufacturer may export to the United States Any extra number that a manufacturer wishes to export must be negotiated with another manufacturer that did not or cannot maximize its share of the quota There are also quota share insurance programs where the liability and the premiums are divided proportionally among the insurers For example three companies take out a 1 000 000 fire insurance policy on a quota share basis with company A assuming 50 500 000 company B 30 300 000 and company C 20 200 000 If the annual premium was 5 000 company A would receive 2 500 in premium B would receive 1 500 and C would receive 1 000 Company A would pay 50 of any one claim Company B would pay 30 of any one claim and Company C would pay 20 of any one claim See also edit nbsp Politics portal nbsp Economics portal Non tariff barriers to trade Production quota Tariff rate quotaReferences edit O Sullivan Arthur Sheffrin Steven M 2003 Economics Principles in Action Pearson Prentice Hall pp 449 ISBN 0 13 063085 3 You can help expand this article with text translated from the corresponding article in German September 2016 Click show for important translation instructions Machine translation like DeepL or Google Translate is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the English Wikipedia Consider adding a topic to this template there are already 9 119 articles in the main category and specifying topic will aid in categorization Do not translate text that appears unreliable or low quality If possible verify the text with references provided in the foreign language article You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation A model attribution edit summary is Content in this edit is translated from the existing German Wikipedia article at de Einfuhrkontingent see its history for attribution You may also add the template Translated de Einfuhrkontingent to the talk page For more guidance see Wikipedia Translation nbsp This article about the economy is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Import quota amp oldid 1117012626, wikipedia, wiki, book, books, library,
