Dumping means the selling of a good in a foreign market at a price that is

Assessment: WAEC SSCE - Economics - 2010 (Objective) Subject: Economics

Question 1 Report

Dumping means the selling of a good in a foreign market at a price that is

Answer Details
Dumping means selling a product or good in a foreign market at a price that is below the home market price. In other words, it is selling a product at a price that is lower than what it is sold for in its domestic market. This practice can lead to various economic effects, such as anti-dumping laws and retaliatory measures by the affected country to protect its industries.
Read lesson note on International Trade (JAMB)
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