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India benefiting from person to person outsourcing

By www.techtreak.com 108 days ago from http://www.techtreak.com

In 1776 in his book named as the wealth of nation Adam smith propagated the competitive advantage theory, which championed the division of labour and specialization of work, which add to the economies of scale when there is a production done in a huge scale. However, in that theory, which he proposed, laid hidden a far more vital idea which today claims to be the reason behind 7% of India’s GDP in the year 2007. yes we are talking about outsourcing, which in the days of Adam Smith meant, a particular part of the entire production process, was meant to be dealt by a particular group of workers who are specialized in that part of the job.

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