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Asked by Nagarunja Last Modified
Answer The highest total value or maximum quantity of particular products that may be exported or imported during the defined period of time, including the ban on export or import, is referred to as a quantitative limitation.
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Mandakini Singh
Teaching is more than just a job, it is a responsibility. A responsibility to help shape career..
Explicit limits, or quotas, on the quantity of a good that can be imported or exported during a specified time. These restrictions may be applied id a “selective” basis, with the varying limits set according to the country of origin, or o a quantitative global basis that only specifies the total limit and thus tends to benefit more efficient suppliers. Quantitative restrictions are frequently managed through quotas a system of licensing. See import quota; quota.
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