how MNCs are helpful to domestic countries?
Answers
Explanation:
Potential Benefits of MNCs on Host Countries
The potential benefits of MNCs on host countries include:
Provision of significant employment and training to the labour force in the host country
Transfer of skills and expertise, helping to develop the quality of the host labour force
MNCs add to the host country GDP through their spending, for example with local suppliers and through capital investment
Competition from MNCs acts as an incentive to domestic firms in the host country to improve their competitiveness, perhaps by raising quality and/or efficiency
MNCs extend consumer and business choice in the host country
Profitable MNCs are a source of significant tax revenues for the host economy (for example on profits earned as well as payroll and sales-related taxes).