Question

Elaborate any three disadvantages of multinational corporations.

Answer 1

Answer:

The disadvantages of MNCs are :

(i) Small manufacturers like—batteries, capacitors, plastic toys, tyres, dairy products and vegetable oil were victims of competition.

(ii) Closing down of small units rendered many workers jobless.

(iii) Most employers prefer to employ workers ‘flexibly’, this means that workers jobs are no longer secure. Small Indian companies were hard hit because of Government’s changed policies such as allowing import of the goods which were previously not allowed

Answer 2

Answer:

The disadvantages of MNCs are : (i) Small manufacturers like—batteries, capacitors, plastic toys, tyres, dairy products and vegetable oil were victims of competition. (ii) Closing down of small units rendered many workers jobless.