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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 Economy5 Marks
Question
How are multinational corporations (MNCs) controlling and spreading their productions across the world? Explain.
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Answer

The multinational corporations (MNCs) controlling and spreading their production across the world:
  1. MNCs set up their production units close to market.
  2. MNCs set up production units jointly with local companies.
  3. They set up units where there is skilled and unskilled labour available at low cost.
  4. Large MNCs in developed countries place orders for productions with small producers.
  5. They have tremendous power to determine price quality delivery and labour conditions for distant producers.
  6. Buying local companies.

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