Question

explain MNC and benefits of MNC

Answer 1

MNC means multinational companies when they set up with another country they give employment to unemployed people and increase investment and they give new techonology of work.

Answer 2

Answer:

MULTINATIONAL COMPANIES —

➸ A MNC aur multinational company is a company that owns or controls production in more than one nation.

➸ They do so to get cheap labour and resources and on greater profits.

Advantages or benefits from multinational companies –

• More and more MNCs develop in a country; more and more goods and services, investments and Technology move between countries.

• The technology improves.

• Much faster delivery across long distances are possible in low costs now because of increment in multinational companies.

• People have wide range of choices in lower prices for several products.

• People also because of increment in multinational companies enjoy higher standards of living then it was possible earlier.

• Local companies that supply raw materials to multinational companies prosper.