Okay, look, dumping is a market strategy where a company deliberately sets very low prices for its goods or services. What is dumping in simple terms? Imagine you opened a small café, and suddenly a big player nearby starts selling their coffee so cheaply that you can't compete. They do this to drive out competitors and capture a larger share of the market.
Dumping is not just a discount or a sale. It's a more aggressive move, where large companies may even operate at a loss for a certain period, so that later, when competitors give up, they can raise prices and earn more. Such a strategy can be dangerous for small businesses that do not have large reserves of funds.
Imagine there are two bakeries in the market. One of them is a large, international chain, and the other is a small family-owned one. The large chain starts selling buns at a ridiculous price. The small bakery cannot afford this and may lose customers. That's the essence of dumping. It's like a game where a strong player uses their resources to gain an advantage.
