Question

he MNC’s of a country sets up a production jointly with the local company of other country. State any one benefit of this joint production to the local company.

Answer 1

MNC set up production jointly with the local companies of the other countries so that they can get cheap labour and other resources, this is done so that the cost of production is low and the MNC can earn greater profit




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Answer 2

Globalization has changed the economic discourse of the world. It created Multi National Corporations (MNC'S) and enabled  MNC’s of a country to setup a production jointly with the local company of other country. It benefited the local company in many ways. One of the benefit to the local company include MNC's bring huge investment and latest technology for production with the local company.