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TCI Chapter 28

Tech Workers and Time Zones: India's Comparative Advantage

comparative advantage the ability of one country to produce a good or provide a service at a lower cost or more effectively than another country
information technology (IT) the use of technology to move, record and process information; IT includes computers, communication satellites, cell phones and the internet
outsource to hire someone outside a company to do work that was once done inside the company; IT has made it possible to outsource jobs to businesses in other countries
time zone an area that uses the same clock time; earth is divided into 24 standard time zones
workforce all the people who are available for work, for example, in a country
cost of living the average cost of basic necessities, such as food, clothing and shelter in a particular place or country
standard of living the overall level of comfort and well-being of a group or a country
dialects a version of a language that is spoken in a specific area
linguistic groups a group of people who share a common language
illiterate unable to read or write
brain drain the loss of well-educated people such as doctors or engineers to another country
foreign investment doing business with a person or company in another country
Created by: hingram2000
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