Question

What are MNCs..??
Give its importance in globalisation...??​

Answer 1

Answer:

MNCs= Multinational companies

Explanation:

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Answer 2

Answer:

MNCs refers to the Multinational corporations which are setup in more than one nation to increase their productivity.

Their importance in a developing country may be traced as follows:

1. MNCs help a developing host country by increasing investment, income and employment in its economy.

2. They contribute to the rapid process of development of the country through transfer of technology, finance and Tnodern management.

3. MNCs promote professionalisation management in the companies of the host countries.

4. MNCs help in promoting exports of the host country.

5. MNCs by producing certain required goods in the host country help in reducing its dependence on imports.