Definition
– Dumping is a predatory pricing technique in which a product is exported and sold for a cheaper price in a foreign market than in its domestic market. Dumping can lead to monopolization by causing domestic companies to go out of business when they cannot compete with the low prices of the imported goods.
Related Terms – Anti-dumping
History – The Anti-Dumping Agreement was implemented by the World Trade Organization (WTO) in 1994.
