Definition, Meaning & Synonyms
production-quota
noun
prəˈdʌkʃən ˈkwōtə
Definition
A production quota is a limit set on the amount of a product that can be produced by a company or industry during a specific time period.
Examples
- The government imposed a production quota on steel manufacturers to regulate the market.
- Farmers were asked to adhere to the production quota to ensure sustainability in agriculture.
- Meeting the production quota can be challenging during peak demand seasons.
Meaning
It helps control the supply of goods in the market and can influence prices and resource allocation.
Synonyms
- output limit
- production limit
- manufacturing quota
