Dumping is selling goods in a foreign market at a price
Answer Details
Dumping refers to the practice of selling goods in a foreign market at a price that is below what is sold in the home market. This means that the price of the goods in the foreign market is lower than what consumers would pay if they were buying the same goods in the country where the goods were produced. This practice is often used to gain a competitive advantage in a foreign market by undercutting the prices of local producers, which can lead to increased market share and profits for the exporter. However, dumping can also be considered a form of unfair trade practice, as it can harm local industries and disrupt the market by artificially lowering prices.