ENTREPRENEURSHIP

Detailed explanation-1: -Import quotas are government-imposed limits on the quantity of a certain good that can be imported into a country. Generally speaking, such quotas are put in place to protect domestic industries and vulnerable producers.

Detailed explanation-2: -A governmental restriction on the quantities of a particular commodity that may be imported within a specific period of time, usually with the goal of protecting domestic producers of that commodity from foreign competition.

Detailed explanation-3: -an import quota. When the government sets a limit to the maximum quantity or volume of a commodity that the domestic country can import from other foreign countries, it is known as an import quota. Import quota measures are put in place to protect the domestic industries by restricting imports.