Economics Dictionary of ArgumentsHome
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| Outsourcing - Economics Dictionary of Arguments | |||
| Outsourcing: Outsourcing in economics is when a firm contracts out specific business functions or tasks, previously done in-house, to an external third-party provider. This can be done domestically or internationally (offshoring). Companies typically outsource to reduce costs, gain access to specialized expertise, improve efficiency, and focus on their core competencies. See also Production, Firms, Enterprise, Multinational coporations, International trade._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Feenstra, Robert C. | Outsourcing | Feenstra, Robert C. | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-07-20 | |||
