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In the long run, individual transferable quotas increased the fishing catch in new Zealand. The individual fishing quotas or as called as IFQs also known as individual transferable quotas or as called as ITQs are one kind of catch share which a means by which many governments regulate fishing. The regulator sets a species exact total allowable catch or as called as TAC classically by weight and for a given time period.
Explanation:
I had to answer this question on my history exam and this is what I put.