Question : Which sector is commonly associated with outsourcing in the global economy?
Option 1: Information technology (IT)
Option 2: Manufacturing
Option 3: Agriculture
Option 4: Healthcare
Correct Answer: Information technology (IT)
Solution : The correct answer is (a) Information technology (IT)
The sector commonly associated with outsourcing in the global economy is information technology (IT). IT outsourcing involves the contracting of IT-related services, such as software development, maintenance, technical support, data management, and infrastructure management, to external organizations or individuals.
IT outsourcing became prevalent as a result of advancements in communication technology, which enabled the remote delivery of IT services. Many companies, especially in developed countries, have chosen to outsource their IT operations to countries with a competitive advantage in terms of skilled IT professionals and lower labor costs.
