Define disposable incomeand dumping, Microeconomics

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Define Disposable Incomeand dumping

Disposable Income :  The amount of income left after as deductions as income tax, pension contributions and national insurance. More generally called as 'take home pay'. 

Dumping :   The sale of goods in a foreign country at a price below that charged in the home market. This will often be completed at below cost price to dispose of surpluses of goods, or to establish markets.   

 


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