Definition of Poundage quota

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TeachMeFinance.com - explain Poundage quota



Poundage quota

The term 'Poundage quota ' as it applies to the area of agriculture can be defined as ' A quantitative limit on the amount of a commodity that can be marketed (also called a marketing quota) under the provisions of a permanent law. Once a common feature of price support programs, this supply control mechanism now only restricts the production and/or sale of tobacco and peanuts'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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