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A MNC is a company that owns or controls production in more than one nation.
MNCs set up offices and factories for production in regions where they can get cheap labour and other resources.
This is done so that the cost of production is low and the MNCs can earn greater profits.
All of the above.
China
Japan
South Korea
None of the above
Dutch
French
British
American
Confectionery
Garments
Petroleum products
Ford Motors
Porsche
Audi
price
quality
labour conditions for these distant producers
All of the above
1995
1999
1990
1998
Hero Motors
Maruti Suzuki
Tata Motors
Mahindra & Mahindra
Brazil
Argentina
Chile
50 to 60 percent
80 to 90 percent
100 percent
70 to 80 percent
Choice of goods in the markets rises.
Producers in the two countries now closely compete against each other even though they are separated by thousands of miles.
Foreign trade thus results in connecting the markets or integration of markets in different countries.
Containers
Cranes
Elevators
air transport, airlines
road transport, four wheelers
rail transport, railways
globalisation
disinvestment
privatisation
liberalisation
2011
2001
1991
1981
50
100
160
200
middle-income countries
poor countries
developing countries
developed countries