FACTOID # 10: Indians go out to the movies 3 billion times a year - much more than any other nation.
 
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Encyclopedia > Quota Share

A quota is a prescribed number or share of something.


In common language, especially in business, a quota is a time-measured goal for production or achievement. An assembly line worker might have a quota for the number of products made; a salesperson might have a quota to meet for weekly sales; a police officer might have a quota for tickets issued or arrests made. In trade, a quota is a form of protectionism used to restrict the import of something to a specific quantity (Sawyer & Sprinkle, International Economics, 2nd Edition , 2003, p 157). The number of cars imported from Japan may have a quota of 50,000 vehicles per annum to protect auto manufacturers in the United States. Look up Business in Wiktionary, the free dictionary. ... 1913 Ford Model T assembly line. ... A police officer is a person who works for a police force. ... Ticket can mean one of several things: Permission A ticket is a voucher to indicate that one has paid for admission to a theatre, movie theater, amusement park, zoo, museum, concert, or other attraction, or permission to travel on an airplane, public transit, boat trip, etc. ... The Chicago Police Department arrests a man An arrest is the action of police or other authority, or even in some circumstances a private civilian, to apprehend and take under guard a person who is suspected of committing a crime. ... Protectionism is the economic policy of restraining trade between nations, through methods such as high tariffs on imported goods, restrictive quotas, a variety of restrictive government regulations designed to discourage imports, and anti-dumping laws in an attempt to protect domestic industries in a particular nation from foreign take-over...



 

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