What is the economic definition of 'outsourcing'?

how does outsoucing negatively impact a society?

Asked By: jake m - 12/6/2007
Best Answer - Chosen by Asker
Well outsourcing is more of a business term then an economic one... More
Answered By: E B - 12/6/2007
Additional Answers (3)
The economic definition of outsourcing is simply when one company contracts with another to do some part of their production process so they can focus on where they add the most value... More
Answered By: Hubris252 - 12/6/2007
(Business process/ job) outsourcing (BPO) is the contracting of a specific (business) task (job/ process), such as payroll (accounting, data transcription, data processing, computer aided design, customer telephone call servicing,data analysis etc), to a third-party service provider... More
Answered By: sensecon - 12/6/2007
It's double talk for profit makers to make more profits at workers' and sometimes consumers' expense.
Answered By: 428 Moore - 12/6/2007
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