Subcontracting is a type of contractual agreement that assigns the production of goods or services to local or smaller firms.

Name: Subcontracting is a type of contractual agreement that assigns the production of goods or services to local or smaller firms.
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Subcontracting involves a primary contractor delegating specific tasks or projects to other firms, often smaller or specialized ones, to complete parts of a larger project or production process.

Subcontracting Is a Type of Contractual Agreement That Assigns the Production