Question

Define dumping and objective of dumping

Answer 1

Dumping is a term used in the context of international trade. It is the export by a country or company of a product at a price that is lower in the foreign importing market than the price charged in the exporter's domestic market.

Answer 2

Dumping is an international price discrimination in which an exporter firm sells a portion of its output in a foreign market at a very low price and the remaining output at a high price in the home market .
Theobjective of dumping is to increase market share in a foreign market by driving out competition and thereby create a monopoly situation where the exporter will be able to unilaterally dictate price and quality of the product.
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