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Outsourcing productions

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We know that many American companies, in order to remain competitive, have been practicing outsourcing. However, there are many U.S politicians against this practice. If you are the owner/manager of a company, would you outsource some of your productions?

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Solution Summary

This solution discusses the outsourcing of productions within the context of microeconomics.

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The simple answer is YES, I would outsource my production if I can.

The decision that a manager or owner makes is not for the benefit of others, but for the benefit of the shareholders and owners of the company. That is the primary duty of a firm: to make money for its owners. If by outsourcing production to a different country I can lower the cost of producing a good it will help increase profits of the firm, and hence increase the income of the company's ...

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