Dumping (Noun)
Meaning
Selling goods abroad at a price below that charged in the domestic market.
Classification
Nouns denoting acts or actions.
Examples
- The government imposed tariffs on the foreign company's products to prevent dumping in the local market.
- Critics accused the corporation of dumping cheap goods on developing countries to drive out local competitors.
- Dumping was cited as the primary reason for the decline of the domestic textile industry.
- The trade agreement aimed to prevent dumping by foreign manufacturers and promote fair competition.
- An investigation was launched to determine if the company was engaging in dumping by selling products at a loss in foreign markets.