Question

If specialization and outsourcing can harm domestic workers, why do countries still engage in trade? choose one:

Answer 1

If specialization and outsourcing can harm domestic workers, the countries still engage in trade because the gains from trade far outweigh the costs, and the economy benefits overall.

Outsourcing is the business practice in which a party is hired  outside any company to perform services and to  create goods that were traditionally performed  and produced in-house by the company's own employees and staff.

Outsourcing is a practice which is usually undertaken by companies as a measure of cost-cutting . As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office.

To know more about outsourcing here:

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