Write a Short Note on Offshoring and the Susceptibility of Job

question 21

Essay

Write a short note on offshoring and the susceptibility of job analysis to offshoring.

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Definitions:

Decreasing Returns

A situation in which the addition of more units of input results in the less-than-proportional increase in output.

High Levels

Refers to quantities or amounts that are considerably above the average or typical range.

Output

The amount of products or services generated by a company, sector, or economic system within a specific timeframe.

Constant Returns

Refers to a situation in production where increasing the inputs by a certain factor results in output increasing by the same factor.