To protect the interest of domestic business houses and customers is the agenda of the Government of any country. Government designs the policies in favor of domestic traders, customers as well as foreign traders. Government restricts the companies to export and import the goods beyond a specific limit by imposing quota system. Comment on the impact of quota system on international trade to safeguard the local customers as well as business houses.

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter21: Economic Development
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To protect the interest of domestic business houses and customers is the agenda of the Government of any country. Government designs the policies in favor of domestic traders, customers as well as foreign traders. Government restricts the companies to export and import the goods beyond a specific limit by imposing quota system. Comment on the impact of quota system on international trade to safeguard the local customers as well as business houses. 

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