India's IT Comparative Advantage

What is IT?

• Information Technology

• Indian Technology

• Information Texting

• India's Technobeat

What is outsourcing?

• going outside to source materials

• sending out information to seek the source

• Hiring someone outside the company to do a job that was once done inside inside the company

• extracting resources from the ground

What is comparative advantage?

• the global IT revolution

• providing a good or service more effectively than another

• an advantage in comparing

• outsourcing jobs to India

India is the world's largest...

• religion

• democracy

• country

• culture

What system separated Indian society into socioeconomic classes?

• discrimination system

• irrigation system

• hierarchy system

• caste system

80% of Indians are...

• Hindu

• rich

• IT workers

• poor

True or False?: India's economic development has improved the life of all Indians

• True

• False

Which of the following is NOT a major factor contributing to India's IT comparative advantage

• time zone difference

• large workforce

• low wages

• gender inequality

Which of the following is NOT a major factor contributing to India's IT comparative advantage

• English speaking skills

• educated and trained workers

• caste system

Why are wages for workers lower in India?

• they are uneducated

• they don't want to make money

• low cost of living

• inequalities across the population