Question

What is meant by *mnc ,*hdi and *per capita income.

Answer 1

A Multinational Company (MNC) that owns and produces goods and services in more than one country other that its home country. Such corporation have various offices, factories and have a centralized head office to coordinate and plan regarding the global management. example : nestle, apple etc.

The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income per capita indicators, which are used to rank countries into four tiers of human development. example: in india hdi is 0.609 and thus falls in the medium human development sector.

Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population. the per capita income of india is 1,581 dollars as per 2014