SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -MNCs are significant participants in the process of globalization. They also work closely with local and small producers to integrate markets while they are far away. Their efforts improve international ties by promoting investments and global trade in goods.
Detailed explanation-2: -MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries.
Detailed explanation-3: -By producing the same quality of goods at lower costs, multinational companies can reduce prices and increase the purchasing power of consumers worldwide. Other benefits include a direct financial investment in foreign countries and job growth in their local economies.