Dumping in Economics means the selling of goods in a foreign market

Dumping in economics refers to the practice of selling goods in a foreign market at a price below that received in the home market. This is done in order to gain a competitive advantage in the foreign market and increase market share. The purpose of dumping is to drive competitors out of the market and establish a monopoly. Dumping is generally considered an unfair trade practice, as it can cause harm to domestic producers in the foreign market. It can also lead to a race to the bottom in terms of pricing, which can be detrimental to all producers involved.