What Is the "Beggar-Thy-Neighbor" Policy,and Why Is It a Problem

question 95

Essay

What is the "beggar-thy-neighbor" policy,and why is it a problem for the country that caused it?

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Definitions:

Exports

Goods or services sent to another country for sale.

Dumping

The practice of selling a product in a foreign market at a price that is below the cost of production or below the price in the home market, often with the aim of driving out competition.

Producer

A producer is an individual or organization that creates goods or services for sale to consumers or other businesses.

Export

The sale of goods or services produced in one country to another country.