What are the benefits of MNCs’ production to the local companies?

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

#1

What are the benefits of MNCs’ production to the local companies?
Or
Which two benefits local companies get when they set up production in association with MNCs?

Answer:

  • MNCs can provide money for additional investments, like buying new machines for faster production.
  • MNCs might bring with them the latest technology for production.
  • MNCs also buy some local companies to expand production, since they have wealth exceeding the entire budgets of some of the developing countries.