What are the various ways in which MNCs set up, control or produce in other countries? (W) Key c...
3What are the various ways in which MNCs set up, control or produce in other countries?
(W)
Key concept: MNCs expansion to other countries
MNCs setup or contol the production in investing a huge amount of money in a countrys economy. It sets up production units close to the market so that they get cheaper labour. To increase production, MNCS collaborate with some local conupanies as the production rate would rapidly increase. In most of the cases, the MNCs bey local companies and expand their production. The other way in which They control production is by placing the orders for production weth small and local producers. They welp production using technology and heary imachinery which makes the work more efficent and
📲PW App Link - https://bit.ly/YTAI_PWAP
🌐PW Website - https://www.pw.live