Dumping refers to the practice where a country or company exports a product at a price lower than the price it normally charges in its own home market, or below its cost of production, often to gain market share and undercut competitors in the importing country. This practice can lead to trade disputes and is often addressed through anti-dumping measures to protect domestic industries from unfair competition.

Dumping

trade disputes

anti-dumping measures

Domestic industries refer to the sectors of an economy that produce goods and services within a country's borders, contributing significantly to national economic growth and employment. They are often protected by government policies to enhance competitiveness against foreign industries and ensure economic stability.

domestic industries

Unfair competition refers to deceptive or unethical business practices that harm other businesses or consumers, often violating legal standards. It encompasses actions like trademark infringement, false advertising, and misappropriation of trade secrets, which disrupt fair market dynamics and consumer trust.

unfair competition

Market share represents a company's portion of total sales in its industry, indicating its competitiveness and market dominance. It is crucial for assessing a company's growth, strategic positioning, and potential for economies of scale.

market share

Exporting a product

price lower than

The cost of production refers to the total expenses incurred by a business in the process of creating a product or service, including raw materials, labor, and overhead costs. Understanding and managing these costs is crucial for pricing strategies, profit maximization, and competitive positioning in the market.

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