quota system
Definitions
Accounting
- noun a system where imports or supplies are regulated by fixed maximum amounts
- noun an arrangement for distribution which allows each distributor only a specific number of items
Economics
- noun a system in which imports or supplies are regulated by fixing maximum amounts. If distribution is arranged through a quota system, this means that distribution is arranged by allowing each distributor only a certain number of items.
Politics
- noun a plan which limits the number of people or of goods or of money which can be used or brought into a country or taken out of a country
