Answered

Many large corporations Walmart, General Motors, and other routinely operate larger numbers of factories in places like China to take advantage of very cheap wages, putting workers in their home country out of a job. This is an example of:__________.

Answer :

segehood

Answer:

D. Flexible accumulation

Explanation:

Flexible accumulation are strategies used by big companies to accumulate profits in a time of globalization enabled by improved communication and transportation technologies. It is a form of capitalism where big corporations consolidate production of commodities in low-wage economies overseas.

In times like this, the growth in real values for these corporations rest in labour exploitation. Flexible accumulation has very negative impact on the corporation home country. Apart from putting workers out of jobs as stated, weakened labour union and radical restructuring of labour markets are amongst the negative impacts of flexible accumulation.

Answer:

The correct answer is: flexible accumulation.

Explanation:

Flexible accumulation refers to the practice of some companies by which they take their operations to foreign countries in an attempt to reduce labor costs. The practice is very similar to what is known as outsourcing but with flexible accumulation, the labor conditions are from poor to non-existent.

This system is usually called Fordism to recall automaker "Ford" operations in the early 20th century where it mass-produced vehicles which allowed the company to increase its profits while spreading a capitalist method of working.

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