Meaning and Definition of Quota
Definition of quota
> A fee is a fixed amount of money that is paid to an entity to receive a service in return. This is what happens with the economic commitments between individuals and organisations or associations that facilitate some sort of benefit or service (for example, fees that are paid to social security, to a club or an Association).Also in an economic sense, a fee is the proportional amount to an individual or collective paid to an institution (in some institutions will charge different fees: for children, for families, groups...).
In most of its forms, a fee is a payment commitment and non-compliance is associated with some kind of penalty (a fine, loss of rights or fail to be part of a collective).
In everyday life, there are many types of quota: related to a sports club, the payment of the mortgage or those that are destined to the purchase of a product. As a general rule, the amounts of the fees are fixed or with slight variations (as in the case of payment of the mortgage, which is subject to change at bank interest). On the other hand, the consistency in the payment of dues is something linked to a contract which specifies how many dues must be paid, how and under what conditions.
Market share
The companies sell their products or services within a framework of competition. In this context, every company tries to have the largest possible market, which is known as market share.Companies conduct studies to establish how many clients arrive and how many would come. Market share is a numeric data and is a reflection of competition in a sector. This concept is closely related to the business strategy or marketing companies, which are vying to capture the largest possible market share.
In a normal situation within an economic sector there is a rivalry between several companies, which comprises a market in different installments. However, in some circumstances it may happen that there is a monopoly, which means that the market share of a company gets a nearly exclusive role, since competitors lack sufficient strength to compete effectively.