The act of selling goods in foreign markets at prices below those charged at home market is called

Assessment: WAEC SSCE - Economics - 2004 (Objective) Subject: Economics

Question 1 Report

The act of selling goods in foreign markets at prices below those charged at home market is called
Answer Details
The act of selling goods in foreign markets at prices below those charged in the home market is called dumping. It is usually done with the aim of gaining a larger share of the foreign market or driving out competitors in that market. Dumping can be a controversial trade practice as it can harm domestic industries and lead to trade disputes between countries.

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