When companies move their production facilities around the world to take advantage of cheaper labor and lower taxes,this is called

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The process described is called flexible accumulation. This refers to the way in which global capitalism has evolved to adapt to changing economic conditions through strategies such as outsourcing, offshoring, and supply chain management. Companies seek to minimize costs and maximize profits by locating production facilities in countries with lower wages, tax rates, and regulations. This has led to the creation of vast global networks of production, distribution, and consumption, with profound implications for labor, the environment, and social justice.

When Companies Move Their Production Facilities Around the World to Take