ECONOMICS
ECONOMIC INSTITUTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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firms based in highly industrialized societies with operating facilities throughout the world
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economic system based on private ownership of property and the pursuit of profit
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unified group of military, corporate, and government leaders
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part of an economy producing goods directly from the natural environment
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arises from a leader’s personal characteristics
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Detailed explanation-1: -A multinational corporation (MNC) is a company that has business operations in at least one country other than its home country.
Detailed explanation-2: -A multinational corporation (MNC) is usually a large corporation incorporated in one country which produces or sells goods or services in various countries.
Detailed explanation-3: -MNC is a company that owns or controls production in more than one nation. MNCs set up their branches and factories for production in regions where they can get cheap labor and other resources.
Detailed explanation-4: -A multinational corporation (MNC) has facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralised head office where they coordinate global management.