The practice whereby goods are sold for prices that are below that for which the goods are sold in the country of origin, is called subsidy.

Name: The practice whereby goods are sold for prices that are below that for which the goods are sold in the country of origin, is called subsidy.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

The practice described is actually called dumping. Subsidy refers to financial assistance given by a government to a company or industry to help reduce the costs of production or encourage growth.

The Practice Whereby Goods Are Sold for Prices That Are