![Economics 101: What Is An Import Quota?](https://i0.wp.com/sterlingterrell.net/wp-content/uploads/2016/10/1-9.jpg?fit=635%2C424&ssl=1)
[This is part of the series: The Complete Guide To Economics 101.]
What is an import quota?
An Import Quota is a limit, or restriction, on the amount of a good that can be imported.
It limits goods produced in the world market and sold in the domestic market.
For example:
For many years there was an import quota on peanuts in the USA.
This restriction of foreign suppliers benefits domestic producers by artificially increasing prices.