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TCI Chapter 28
Tech Workers and Time Zones: India's Comparative Advantage
| Term | Definition |
|---|---|
| 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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