ENTREPRENEURSHIP

Detailed explanation-1: -Dumping occurs when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter’s domestic market. The biggest advantage of dumping is the ability to flood a market with product prices that are often considered unfair.

Detailed explanation-2: -What is dumping in economics? It is the practice of disposing of goods at a lower price in the foreign market compared to their price in the domestic market in the exporting country. It is a discriminatory price practice to gain a competitive advantage in the international market.

Detailed explanation-3: -Dumping is when an exporter sells a product in a foreign country at a price that’s lower than in their home country. Exporting businesses flood the importing country’s market with goods at drastically lower prices, which puts the importing nation’s competing firms out of business.

Detailed explanation-4: -Dumping occurs when a foreign producer sells a product in the United States at a price that is below that producer’s sales price in the country of origin ("home market"), or at a price that is lower than the cost of production.