What are the various ways in which MNCs | Class 10 Social Science - Understanding Economic Development Chapter Globalisation and the Indian Economy, Globalisation and the Indian Economy NCERT Solutions

Question:

What are the various ways in which MNCs set up, or control, production in other countries?

Answer:

Various ways in which MNCs set up, or control, production in other countries are:

- MNCs set up production units close to the market so that they get cheaper          labour.

- To increase production, MNCs collaborate with some local companies as the       production rate would rapidly increase.

- MNCs buy local companies and expand their production with help of new
  technology.

- They place orders for production with the small producers and sell these               products under their own brand name to the customers worldwide.


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Welcome to the NCERT Solutions for Class 10 Social Science - Understanding Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 4: What are the various ways in which MNCs set up, or control, production in other countries?....