Question

Give a short notes on 'Production across countries before large MNCs'​

Answer 1

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Until the middle of the 12th century, production was largely organised within countries. Raw materials, food grains and finished products only crossed the boundaries of these countries. Colonies such as India exported raw materials and food grains and imported finished goods. Trade was the main channel connecting distant countries. This was the before large multinational corporations (MNCs) emerged on the scene.