what is MNC what is the effect on world economy of the vecolation of production of India and China
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An MNC is a company which has its production or roots in more than one country.
The effect of MNCs in the economy of India and China are-
• MNC effected the competition in the market.
• It enhanced the quality of Products .
• It proved to be loss to Indian economy because because of high product quality, Chinese products are preferred Hence resulting to a loss to Indian products.
This condition could be overcome through certain Government Policies.The government should negotiate with WTO for trade barriers. It should protect Indian producers too.
Hope this Helps
The effect of MNCs in the economy of India and China are-
• MNC effected the competition in the market.
• It enhanced the quality of Products .
• It proved to be loss to Indian economy because because of high product quality, Chinese products are preferred Hence resulting to a loss to Indian products.
This condition could be overcome through certain Government Policies.The government should negotiate with WTO for trade barriers. It should protect Indian producers too.
Hope this Helps
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