Currently viewing the tag: "relate"

Question: How does productivity relate to being a happier person?
How can productivity lead to success.Please find me at least 5 motivational writers and speakers who cover the concept of productitvity, as an element to a successful life.What personal plans can one make.

Answer:

Answer by J
motivation and productivity are intertwined with the happiness of an individual. when one person is happy, the person’s mind works extra hard because of the lack of stress. hence, the person becomes extremely productive in work and tends to become very creative. the mind works harder and its ability to innovate is enhanced when an individual is stress free. a motivational writer is steven covey.

Tagged with:
 

Question: How does outsourcing relate to economics?
Also, what is the history behind outsourcing?

Answer:

Answer by Charmaine B
Outsourcing is one of the advantages of trade especially for countries which do not have many raw materials such as Singapore. They have to obtain materials for manufacturing by importing them and then using their high-end technology to produce manufactured goods and then use them domestically or export those goods at a higher price.

A country which has a strong currency will find that importing goods from overseas is cheaper relative to home grown goods. For example, in order for a firm to stay competitive, it may outsource raw materials overseas to keep the cost low rather than buying from a local supplier which can be much dearer.

However, if a country like Singapore becomes to dependent on outsourcing or if the demand for imports is inelastic, it may import the inflation of its trade partners as well, which makes their exports less competitive.

Tagged with: