Chapter 28:Tech workers and time zones

Terms in this set (5)

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.

to hire someone outside a company to do work that was once done inside the company. Information technology has made it possible to outsource jobs to businesses in other countries

An area that uses the same time.

What factors give some countries a comparative advantage in the global IT revolution?

Some factors are wealth, size of workforce, and the cost of living.

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