The transfer of work/production from one country to another where the cost of
labor/manufacturing is cheaper.
Group of answer choices
A:outsourcing
B:dissident
C:standard of living
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When the work is transferred from one country to another due to cheap labor and manufacturing charges, the phenomenon is known as outsourcing.
Option A.
Explanation:
- Outsourcing is done by industries in order to get cheap labor and to lower their cost of production.
- For instance, many software companies outsourced their work in India to companies like TCS and Infosys as the labor is cheap here.
- This has been done to increase their returns and to reduce the burden of the manufacturing process and setting up new infrastructure.
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