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Unit 4 Ch 4 : Globalization and the Indian Economy — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 4 : Globalization and the Indian Economy3 Marks
Question
What are MNCs?
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Answer

  1. An MNC is a company that owns or controls production in more than one nation.
  2. These companies set up offices and factories for production in regions where they can get cheap labour and other resources.
  3. This is done to ensure that the cost of production remains low and MNCs can earn greater profits

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