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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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D
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Dumping
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INFOTEXT
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1992-09-02
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378b
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11 lines
In international trade, when one country
sells goods to another at below marginal cost
or at a price below that in its own country.
Countries dump in order to get rid of surplus
produce or to improve their competitive
position in the recipient country. The
practice is widely condemned by
protectionists (opponents of ree trade)
because of the unfair competition it
represents.