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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 do MNCs manage the production in other countries?
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Answer

  1. MNCs not only sell their finished products globally, but also produce the goods and services globally.
  2. As a result, production is organised in increasingly complex ways.
  3. The production process is divided into small parts and spread out across the globe.
  4. For example, China provides the advantage of being a cheap manufacturing location. Mexico and Eastern Europe are useful for their closeness to the markets in the US and Europe.
  5. India has highly skilled engineers, who can understand the technical aspects of production. It also has educated English-speaking youth, who can provide customer care services. And all this probably can mean 50-60 percent cost savings for the MNCs.

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