Outsourcing refers to the practice of a company delegating certain tasks to external parties, rather than performing those tasks in-house. There are plenty of synonyms for outsourcing, each with its own unique connotations. For example, the term "offshoring" is often used to refer to the outsourcing of jobs or tasks to countries with lower labor costs. "Contracting out" is another common synonym that typically involves hiring a third-party provider to perform a specific function. "Subcontracting" and "externalization" are two other synonyms for outsourcing that convey similar meanings. Regardless of which term is used, outsourcing has become an increasingly popular business strategy in today's global economy.