Describe any three ways in which Multinational Corporations (MNCs) have spread their production and interaction with local producers in other countries. -SST 10th

1 Answer

Answer :

Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these counditions, MNCs set up production units in the following ways : (a) Set up jointly with some local companies of the country. (b) Buy the local companies and then expand its production with the help of modern technology. (c) They place orders for small producers and sell their products under their own brand name to the customers worldwide.

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