BharatNotes Dumping
noun (chiefly economics/trade); also the present participle of the verb "dump"Usage in a UPSC answer
To shield nascent domestic manufacturers from predatory dumping by foreign exporters, India has increasingly resorted to anti-dumping duties under the WTO framework, even as it must balance such protection against the consumer-welfare gains of cheaper imports.
Synonyms
Antonyms
Word Family
dump (v/n), dumped (adj), dumper (n), anti-dumping (adj), dumps (n pl)
Root
Scandinavian origin; Norwegian dumpa = to fall suddenly; trade sense emerged late 19th c. for offloading surplus goods
Etymology
From the verb "dump," of Scandinavian origin (compare Norwegian dumpa, to fall suddenly); the trade-specific usage emerged in the late 19th century to describe the practice of offloading surplus goods in foreign markets at artificially low prices.
Memory Hook
Picture a foreign firm "dumping" a truckload of dirt-cheap goods onto another country's market — like tipping a dump-truck of surplus to bury local rivals under bargain prices.
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