Question

MNC have changed the world economic justify the statement

Answer 1

MNCs have helped in improving world economy. They establishes their companies in different parts of the world and control production. They also give orders to local producers and sell these products under their brand name. They thus helps to provide employment, improves a country's economy, organise production worldwide and expanded the world market

Answer 2

》Before the entry of MNC production was largely done within the country.

》Countries used to trade in raw materials, foodstuff, and finished goods.

》But with the introduction of MNC economic activities of the company are spread over many countries.

》Goods and services are produced globally.

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