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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
How do local companies get two-fold production benefits through MNCs?
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Answer

  1. MNCs can provide money for additional investments, like buying new machines for faster production.
  2. MNCs might bring with them the latest technology for production.
  3. MNCs also buy some local companies to expand production, since they have wealth exceeding the entire budgets of the developing countries.

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