Multinational Corporations (MNCs) are coming up with factories or production units close to markets where they have easy availability of desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions MNCs set up production units in thRead more
Multinational Corporations (MNCs) are coming up with factories or production units close to markets where they have easy availability of desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions MNCs set up production units in the following ways:
• MNCs are having tie-ups with local companies to capture large market share.
• Acquire the local companies and then expand its production with the help of advances technology they possess.
• They delegate orders to small producers and sell these products under their own brand name to the customers worldwide at a much higher price.
• They get cheap labour to work for them in masses and produce large volumes to sell.
• Through the above ways, MNC’s are exerting a strong influence on production at distant locations.
Globalisation is the process by which businesses or other organizations develop international influence or start operating on an international scale. Globalisation is integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital and movemeRead more
Globalisation is the process by which businesses or other organizations develop international influence or start operating on an international scale. Globalisation is integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital and movement of persons across borders. It involves interaction between people, companies, and governments across the world. Globalization has grown due to advances in transportation and communication technology. It includes
• Increase in foreign trade
• Export and import of new technology
• Flow of capital and finance from one country to another
• Migration of people from one country to another.
What are the various ways in which MNCs set up, or control, production in other countries?
Multinational Corporations (MNCs) are coming up with factories or production units close to markets where they have easy availability of desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions MNCs set up production units in thRead more
Multinational Corporations (MNCs) are coming up with factories or production units close to markets where they have easy availability of desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions MNCs set up production units in the following ways:
• MNCs are having tie-ups with local companies to capture large market share.
• Acquire the local companies and then expand its production with the help of advances technology they possess.
• They delegate orders to small producers and sell these products under their own brand name to the customers worldwide at a much higher price.
• They get cheap labour to work for them in masses and produce large volumes to sell.
• Through the above ways, MNC’s are exerting a strong influence on production at distant locations.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
What do you understand by globalisation? Explain in your own words.
Globalisation is the process by which businesses or other organizations develop international influence or start operating on an international scale. Globalisation is integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital and movemeRead more
Globalisation is the process by which businesses or other organizations develop international influence or start operating on an international scale. Globalisation is integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital and movement of persons across borders. It involves interaction between people, companies, and governments across the world. Globalization has grown due to advances in transportation and communication technology. It includes
• Increase in foreign trade
• Export and import of new technology
• Flow of capital and finance from one country to another
• Migration of people from one country to another.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/