Question

What is the role of MNCs in globalisation process?

Answer 1

Answer:

➡️MNCs usually set up production units across the globe in places where the market is nearby, there is the availability of skilled and unskilled labour at low costs and other factors essential to the growth of production.

➡️The setting up of production in various countries leads to the development of products globally. Sometimes, the MNCs might also set up production with the local companies of a country as a joint responsibility, thus bringing in the latest technology and foreign investment.

➡️The MNCs also link and control the production of goods. Large MNCs in developed countries often place orders for production with small producers all around the world which are then sold by the MNCs under their brand name.

Answer 2

Explanation:

mnc play an important role in globalisation as globalisation is the interlinking of different countries through trade, technology, etc.

Multi national corporations such as mahindra mahindra and tata birla are famous mnc's of india .