Public Policy and Business
Dumping is the practice of selling goods in a foreign market at a price lower than their normal value, often below the cost of production. This tactic can undermine local industries in the importing country and create unfair competition. While it might benefit consumers in the short term through lower prices, dumping raises concerns about market distortion and the potential for long-term damage to domestic producers.
congrats on reading the definition of dumping. now let's actually learn it.