FULL FORM OF MNC

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WHAT IS MNC

             MNC stand for Multinational Corporation. MNC is a company that owns or control production in more than one nation. MNCs set up offices and factories for production in regions where cheap labour and other resources are available at cheaper price. This strategy is applied by the MNCs so that the cost of production will be low and they can earn greater profit.

ADVANTAGE OF THE MNCs

  1. An MNC can infuse huge amount for the investment and use modern technology in the host country to boost the production.
 2. Because of having good technology it produce goods at a large scale following the international standards.
3. It aims on the mass production of goods and services which minimise the cost of production.
4. It provides the employment in the host country. People work in different department of the company according to their qualification.
5. It generates revenue for the government as it pays income tax and other taxes such as GST and export duty etc.

DISADVANTAGE OF THE MNC

   Because of having good technology MNCs produce products at larger scale so the cost of product is lower. It is threat for the indigenous company to produce the product at the same price,hence their production cost will be higher. So it will be difficult to compete in open market to sell their product.



   

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FULL FORM OF NSCCL

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