Offshoring
What Offshoring means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Offshoring
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Reference: Pearson Edexcel
Involves relocating a company's own production facilities to a different country to exploit lower costs, such as cheaper labour.
Moving manufacturing to countries with lower labour costs while retaining high-value functions domestically.
Topics that use Offshoring
- Conditions that prompt trade (Pearson Edexcel A-Level)
- Growing economies (Pearson Edexcel A-Level)
Related terms
- International trade
- Base year
- Capacity utilisation
- Demand-pull inflation
- Domestic competition
- Economic growth
- Economies of scale
- Emerging markets
Using Offshoring in the exam
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