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Consignment stores and online clothing resale sites are part of circular markets for used goods.

The Resale Economy: From Fast Fashion to Circular Markets

Many young consumers are beginning to look at circular markets for gently used clothing instead of relying on mass-produced, disposable "fast fashion." What are the economic incentives behind using circular markets to buy secondhand goods?...
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Import quota
Definitions

Import quota

Saddique Ansari • January 28, 2020 • 1 min read

Author bio

Import quota – definition

A quota on trade imports is a physical restriction on the quantity of imports coming into an economy, and is a type of protection for domestic firms. WTO rules make it increasingly difficult for countries to operate a quota system.

The effects of a quota can be illustrated via the following diagrams:

Quota
Quota Quota

  • Read more on quotas and tariffs


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