Reference Entry


Edited by John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fourth edition

Published in print January 2012 | ISBN: 9780199696321
Published online May 2013 | e-ISBN: 9780191759130

Show Summary Details


Selling goods in a foreign country at a price which local producers regard as unfairly low. This may mean selling at less than the long-run average costs of production plus transport costs; charging a lower price in export markets than is charged for comparable goods in home markets; or simply selling at a price with which producers in the importing country cannot compete. ...

Reference Entry.  75 words. 

Subjects: Economics

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