Examlex

Solved

Due to Its Highly Educated Workforce and Low Labour Costs

question 194

True/False

Due to its highly educated workforce and low labour costs, India has a comparative advantage in software development.


Definitions:

Pay Reduction

A decrease in the amount of money an employee is paid, often as a result of economic difficulties, performance issues, or restructuring within an organization.

Trend Analysis

The practice of collecting information and attempting to spot a pattern.

Leading Indicators

Objective measures that accurately predict future labor demand.

Transitional Matrices

Mathematical matrices that represent the probabilities of moving from one state to another in a dynamic system, often used in decision making and forecasting.

Related Questions