Seeking cheaper sources of materials or labour offshore is called offshoring.

Name: Seeking cheaper sources of materials or labour offshore is called offshoring.
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Offshoring refers to the practice of seeking cheaper sources of materials or labour from abroad, typically from countries with lower wages and production costs. This can involve outsourcing the production of goods or services, or relocating business operations to another country.

Seeking Cheaper Sources of Materials or Labour Offshore Is Called