The consumer: Does the consumer benefit from outsourcing? Are prices lowered by outsourcing? Why or why...
- The consumer: Does the consumer benefit from outsourcing? Are prices lowered by outsourcing? Why or why not?
- Efficiency and productivity: Does outsourcing enhance efficiency and productivity? Why or why not?
- International stability: Does outsourcing foster international cooperation, respect, and stability? Why or why not?
Homework Answers
Consumers benefit from outsourcing. The prices are generally low because the required goods are outsourced from places having abundance of resources to produce that good and hence is able to produce and trade it at cheaper rate.
Outsourcing doesn't enhance efficiency and productivity because domestic producers are generally demotivated to produce the good which is being outsourced. Hence, they do not even explore.
Yes, outsourcing promotes these things because it makes one nation reliable over other for it's needs and this creates a relation of much needed friendship.
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