A restriction on the value or volume of goods that can are incoming, imposed by the government is called ____

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A restriction on the value or volume of goods that can are incoming, imposed by the government is called import quota.
Import quotas are governmental restrictions on the amount of a certain commodity that may be supplied to a nation. Such limits are typically implemented to safeguard indigenous sectors and weaker manufacturers. Quotas stop a nation's local market from being overrun by imported goods, which are frequently less expensive because of reduced manufacturing costs abroad. By selling enormous quantities of a product below cost and controlling the domestic market, some overseas companies may deliberately strive to put local vendors out of business. However, since they restrict access to more reasonably priced items than local alternatives, quotas are typically bad for consumers.

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