what are mncs ? why did they relocate industries to low wage countries?
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Answer:
mnc means multi national companies and they relocate there industries to low wage countries because in those country labour is cheap so he can reduce use of machine n save current bills and other bills and pay them very less so compared to machine labour will be cheaper so he will get more profit because cost of production decreases
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A multinational corporation (MNC) seems to have services as well as other resources in at least one nation apart from its native country.
Explanation:
- These organizations have offices and/or facilities in different countries, typically with a regional hub where corporate management is organised.
- The major investment by foreign MNCs vying to capture the world on the market is an attractive destination.
Reason for relocate industries to low wage countries:
- The transfer of manufacturing to countries with low incomes has increased global trade and capital flows, mostly because the salaries in counties are relatively low.
- MNCs shifted their production because of cheap labor and low wages.
- Availability of raw materials and a large market.
Learn more about MNC
What is MNC explan it
https://brainly.in/question/1680978
How do MNC work in other countries
https://brainly.in/question/7735984
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