The practice of selling goods overseas and often below the cost of production is known as
Question 1 Report
The practice of selling goods overseas and often below the cost of production is known as
Answer Details
The practice of selling goods overseas at a price lower than what it costs to produce them is known as "dumping". This means that the exporting company is able to sell its goods at a lower price than their competitors in the importing country, often resulting in an unfair advantage. Dumping is usually done to gain a larger market share in the importing country or to get rid of excess inventory. It can harm the local industries in the importing country by making it difficult for them to compete and survive.
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