Question

Multinational company are both a boon and a bane for an economy.Comment.

Answer 1

Multinational companies (MNCs) are believed to play a major role in the economies of developing countries. Ideally MNCs have contributed substantially towards the growth of developing countries.

MNC is most simply defined as a corporation or enterprise that conducts and controls productive activities in more than one country with the head office being established in a developed country. Big companies mostly from America, Europe and Japan but also increasingly from newly industrializing countries like South Korea, Taiwan and Brazil, create development opportunities.

Answer 2

Multinational company are both a boon and a bane for an economy.

Explanation:

• The MNC is a boon for the economy as it leads to economic and social development. Companies like apple, amazon have to lead to a revolution in online trading platforms and contribute a large sum to the economy of the nation.

• They have tremendous growth potentials and a wide scope. Though there are issues of MNC such as environmental and resource consumption. But mostly provide services like jobs, tax revenues, develops a balance of payments.

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• brainly.in/question/5494105 answered by Brainly User.