The never-ending search for lower production costs is known as

Question

Quizplus · Accepted Answer

The term "race to the bottom" refers to the competitive pressure on businesses to lower their costs in order to remain competitive, often resulting in lower wages and poor working conditions for employees. This concept is a well-known phenomenon in the globalized economy, where countries and companies are in a constant competition to produce goods and services at the lowest cost possible, often at the expense of labor standards or environmental regulations.

The Never-Ending Search for Lower Production Costs Is Known as