Dumping

Dumping is selling internationally traded goods below their cost of production.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Dumping. Selling internationally traded goods below their cost of production.

According to Marketing Management by Keller and Kotler (15th edition),

Dumping. Situation in which a company charges either less than its costs or less than it charges in its home market in order to enter or win a market.