quota (OPEC)

The maximum quantity of oil that a member of the Organization of Petroleum Exporting Countries (OPEC) is supposed to sell in a given period. OPEC sets quotas by periodical negotiation in order to maintain world crude oil prices. As any individual member of a cartel can gain by selling more than its quota while others stick to theirs, there is some suspicion that OPEC quotas are not fully effective.

In common language, especially in business, a quota is a time-measured goal for production or achievement. The number of cars imported from Japan may have a quota of 50,000 vehicles per annum to protect auto manufacturers in the United States.

In proportional representation, a quota is a lowerbound on the number of votes needed to be elected. There are a number of such schemes:

Droop quota Hagenbach-Bischoff quota Hare quota Imperiali quota Ross quota

In computing:

disk quota

In affirmative action:

Racial quota Reservations in India Quotas in Pakistan

In immigration:

Emergency Quota Act

In the IMF:

IMF Quotas

In Fisheries management:

Individual Fishing Quotas

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