What is the meaning of quantitative restrictions? | Learn NCERT solution | Education portal Class 11 Indian Economic Development | Study online Unit-3 Liberalisation, Privatisation and Globalisation



Q.8:- What is the meaning of quantitative restrictions?

 

Answer



Quantitative restrictions are specific limits imposed by countries on the quantity or value of goods that can be imported or exported. It can be in the form of a quota, a monopoly or any other quantitative means.