What are MNC's?

cbse
economics
globalisation-indian
cbse-class-10
cbse-class-10-social

#1

What are MNCs?

Answer:

  • An MNC is a company that owns or controls production in more than one nation.
  • These companies set up offices and factories for production in regions where they can get cheap labour and other resources.
  • This is done to ensure that the cost of production remains low and MNCs can earn greater profits.