Tariff vs. Quota

Tariffnoun

A system of government-imposed duties levied on imported or exported goods; a list of such duties, or the duties themselves.

Tariffnoun

A schedule of rates, fees or prices.

Tariffnoun

(British) A sentence determined according to a scale of standard penalties for certain categories of crime.

Tariffverb

(transitive) to levy a duty on (something)

Tariffnoun

A schedule, system, or scheme of duties imposed by the government of a country upon goods imported or exported; as, a revenue tariff; a protective tariff; Clay's compromise tariff. (U. S. 1833).

Tariffnoun

The duty, or rate of duty, so imposed; as, the tariff on wool; a tariff of two cents a pound.

Tariffnoun

Any schedule or system of rates, changes, etc.; as, a tariff of fees, or of railroad fares.

Tariffverb

To make a list of duties on, as goods.

Tariffnoun

a government tax on imports or exports;

Tariffverb

charge a tariff;

Tariff

A tariff is a tax imposed by a government of a country or of a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry.

Quotanoun

A proportional part or share; the share or proportion assigned to each in a division.

Quotanoun

A prescribed number or percentage that may serve as, for example, a maximum, a minimum, or a goal.

Quotanoun

A restriction on the import of something to a specific quantity.

Quotanoun

A proportional part or share; the share or proportion assigned to each in a division.

Quotanoun

a share of effort required to be performed, or a share of resources required to be contributed to some common purpose.

Quotanoun

a prescribed number;

Quotanoun

a proportional share assigned to each participant

Quotanoun

a limitation on imports;