DUMPING Meaning and
Definition
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Dumping is an economic term used to describe the act of selling goods or commodities in foreign markets at a price lower than their cost of production. It involves exportation of products at prices significantly lower than those charged in the domestic market, often below the actual cost incurred to produce them. Dumping is typically practiced by countries or companies with the intention of gaining a competitive advantage in international trade or eliminating competition within the foreign market.
The process of dumping can be harmful to domestic industries and the economy of importing countries. By flooding the market with cheap goods, foreign producers can undercut domestic manufacturers, leading to reduced sales, lower profits, and potential job losses for local businesses. This is often a strategic move to capture a larger market share or to drive competitors out of business.
Dumping practices are commonly dealt with through anti-dumping measures imposed by countries or international trade organizations. These measures include imposing additional tariffs or import duties on the dumped products, thereby negating the price advantage enjoyed by the foreign producer. Anti-dumping duties aim to provide relief to domestic industries, ensuring fair competition and protecting against the harmful impacts of unfair trade practices. However, anti-dumping measures should be based on unbiased investigations and conform to international trade agreements to maintain a balanced global trading system.
Top Common Misspellings for DUMPING *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for DUMPING
Etymology of DUMPING
The word "dumping" originated from the Middle English term "doumpen" or "dumpen", which meant "to fall suddenly" or "to throw down heavily". This Middle English term was derived from the Old Norse word "dumpa", meaning "to thump" or "to bump", which eventually evolved into the Middle English "dump" and has now transformed into the modern term "dumping". The term "dumping" is often used to refer to the practice of selling goods or services at a significantly lower price in another country compared to the price in the domestic market.
Idioms with the word DUMPING
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patient dumping
The idiom "patient dumping" refers to the practice of transferring or discharging patients from a hospital, nursing home, or medical facility without appropriate medical care or proper arrangement for continued care. It involves the intentional or negligent relocation of patients to other healthcare facilities, clinics, or even the streets, often due to financial motives or to avoid providing treatment for patients who are uninsured, indigent, or have complex healthcare needs.
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homeless dumping
The term "homeless dumping" refers to the illegal practice of agencies or individuals forcibly relocating homeless individuals or communities, often without their consent or proper support systems in place. It involves abandoning or leaving homeless individuals in unfamiliar or inappropriate areas, such as parks, abandoned buildings, or other public spaces, without providing them with suitable housing, resources, or assistance. This practice dehumanizes and neglects the rights and wellbeing of homeless individuals, further exacerbating their already challenging circumstances.
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granny dumping
The idiom "granny dumping" refers to the act of abandoning or neglecting an elderly person, typically a grandmother or grandfather, in a public place or institution in order to evade responsibility for their care.
Similar spelling words for DUMPING
Conjugate verb Dumping
CONDITIONAL
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would dump
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FUTURE
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FUTURE PERFECT
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PRESENT
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dump
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PRESENT PERFECT
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