Production Quota Example

For example the organization of petroleum exporting countries sets a production quota for crude oil in order to maintain the price of crude oil in world markets. However farmers produce on the land that they have and assess their income per.

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In production quotas a government or a group of producers limit the supply of a particular product in order to maintain a certain price level.

Production quota example. Common agricultural policy by the european union. The 14 member states set a production quota for crude oil. This maintains the cost of crude oil per barrel in world markets.

The organization of the petroleum exporting countries opec is a key example of an organization that uses production quotas. Oil production by opec. For example if you d like to reach 100 000 unique visitors to your site a month and every article averages 5 000 unique visitors your production quota would be 20 articles a month.

Examples of production quota in a sentence how to use it.

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