production quotas
Mandated manufacturing targets
Production quotas are mandated output targets—quantities that must be produced within a specified period.
Governments impose them to regulate supply, as with agricultural commodities or oil production: OPEC nations agreed to reduce their production quotas.
In planned economies, factories operated under production quotas set by central authorities.
The term also applies to minimum output requirements for workers or departments.
- capacity utilizationProduction as proportion available
- manufacturing outputGoods produced industrially
- price controlsMandated limits on charges
- planned economyCentralized resource allocation system
- five-year plansStrategies spanning sixty months
command economy · import restrictions · central planning · resource allocation · fulfillment · OPEC · fishing quotas · nationalization · catch limits · socialist economy · customs regulations · trade agreements · state socialism · collective farms · centralized planning · trade restrictions · targets · benchmark
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- labor lawlabor code, labor law, labor laws, labor standards, labour law
- industrial managementassembly line, factory floor, division of labor, scientific management, Taylorism
- oil tradeoil trade, petroleum, barrels, oil imports, oil exports
- quotasimport quotas, sales quotas, hiring quotas, fishing quotas, immigration quotas
- oil regulationsgas law, drilling rights, oil royalties, lease terms, safety rules
production quotasfree market
Commerce without state intervention
market forces · market economy · laissez-faire · supply and demand · spontaneous order
production quotascapitalism
Private profit-based economy
privatization · neoliberalism · Austrian economics · Reaganomics · Thatcherism