Import Quotas

Business / Agriculture / Import Quotas: A quantitative limit placed on the importation of specific commodities. The protection afforded by quotas is more certain than can be obtained by imposing import duties as the effect of the latter will depend on the price elasticities of the imported commodities. Quotas, like tariffs, can also be used to favor preferred sources of foreign supply. Quotas may be specified as an absolute limit or changed from year to year in response to changes in domestic supply and demand.

Other Words for Import

Import Verb Synonyms: meaning, sense, denotation, signification, gist, drift, thrust, intention, implication, purport, connotation, suggestion, allusion, intimation
Import Adjective Synonyms: introduce, bring in
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Import Quota

Business / Agriculture / Import Quota: A trade barrier that sets the maximum quantity (quantitative restriction) or value of a commodity allowed to enter a country during a specified time period. The Uruguay Round Agreement on Agriculture MORE

Import Substitution Development Strategy

Business / Finance / Import Substitution Development Strategy: The expected volatility in a stock's return derived from its option price, maturity date, exercise price, and riskless rate of return, using an option pricing model such as Black-Scholes. MORE

Import Safeguards

Business / Agriculture / Import Safeguards: A trade policy tool available to temporarily increase border protection for designated commodities and products. Its purpose is to allow a producing sector to adjust to changed market conditions befor MORE

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