Question

What characteristics separate boycotts from quotas

Answer 1

Answer:

A boycott is the renunciation of trade with a particular person or company, or even with the country as a whole. The participants in the boycott believe that the person or company in question is behaving immorally or dishonestly. A boycott is a non-violent, voluntary and deliberate refrain from using, buying or interacting with a person, organization or state as an expression of protest, usually in the moral, social, political or environmental spheres. The boycott is intended to cause economic damage to the target or to indicate moral outrage in an attempt to force the target to change its reluctant behavior.

In turn, an import quota means a quantitative restriction on the import of a certain good. Import quotas reduce the supply of the product in the country in question, which leads to a price increase. The effect is thus the same as for a duty, and there is therefore talk of import-equivalent duty. Thus, while a boycott completely prohibits the entry of a certain good, a quota only partially limits it.