what are MNCs ? why did they relocate industries to low wage countries
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(I) MNCs shifted their production units to Asian countries because of cheap labour and low wages. (ii) Availability of raw materials and a large market. ... It generated employment opportunities and introduced competition in the domestic markets.
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MNCs:Multinational Companies
They relocate industries to low wage countries to get get full benefits plus their works will be carried out in very less cost.
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