Explain how the MNCs setup/control the production in a country.
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Answer:
The ways are: (i)MNCs set up production where it is close to the markets; where there is skilled and unskilled labour available at low costs; and where the availability of other factors of production is assured. (ii)In addition, MNCs might look for government policies that look after their interests.
Explanation:
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The MNCs are able to set up and control the production in a country by setting up their plants.
Explanation:
- Multinational organizations or multinational companies can be defined as the companies which have their operations in more than one nation.
- The most important feature of a multinational firm is that it can have its headquarters in a different nation and operations in other nations.
- The centralized control of the production is helpful in ensuring efficiency and better activities of the MNCs. Moreover, MNCs have a large number of resources that can be used to control the process of production in a nation.
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