Question
What is dumping?
Answer :
Word Count : 311
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Dumping is a trade practice where a country or a company exports a product to another country at a price lower than the price it normally charges in its own home market. Often, the export price is even below the cost of production. This practice is considered unfair because it can harm the domestic industries of the importing country by undercutting local prices, leading to a loss of revenue, employment, and even the closure of local businesses.
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