Outsourcing can help first world countries find viable solutions for their business needs at lesser cost, while this act can help create more jobs in developing nations. It's like a give and take relationship where both reap the rewards of innovation even from thousands of miles away.
World politics affect personal economic conditions in various ways. This is due to the interaction of various countries in the world and the politics of the day will be trickled down to individual countries whether positively or negatively.
How does supply have an impact on prices both positively and negatively?
Lower wages for U.S workers.
outsourcing to foreign countries
Outsourcing either challenges employees to do their best so they can keep their jobs, or it demoralizes them.
Well, it can positively effect some countries by making products more readily available at a cheaper cost due to it not costing as much to get the product to the country. It can also create job opportunities in developing countries. It can negatively affect countries by removing job opportunities that might have been available there had the product been produced in that country instead of outsourcing to another country.
Quite a few of the financially better off countries do. The USA is one that does almost 30% of its outsourcing to other countries.
how can spreadsheet positively affect the business of an organization
money
Not really. Although countries can pass laws that will minimize offshore outsourcing or outsourcing of work to developing countries, one cannot simply eradicate the practice as businesses are on the search for a cheaper alternative that works.
World politics affect personal economic conditions in various ways. This is due to the interaction of various countries in the world and the politics of the day will be trickled down to individual countries whether positively or negatively.
outsourcing
Outsourcing
because
... Lower wages for U.S. workers
How does supply have an impact on prices both positively and negatively?
Outsourcing started way back in the 1700s. Manufacturers started transferring the goods and management of goods to countries with cheaper labor.