Short answer what is the contribution of MNCs regarding production in an economy
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The Multinational corporations set up offices and factories for production in regions where they can get cheap labour and other resources. This is done so that the cost of production is low and the mncs can earn greater profits. These MNCs set up production jointly with local companies. This brings benefit to the local company. MNCs provide them with new machines and bring them latest technology. This brings a huge benefit to the local companies.
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