Hi friends, in today’s article we are going to know about Multinational Corporation (MNC) and also know the role of Multinational Corporation in India. So let’s discuss in details.
Table of Contents
What is Multinational Corporation?
MNC is an important past war development of corporation as an invention of foreign direct inventions which are corporation are also known as transitional corporation. These corporation are operating internationally which have an oligopolistic structure and deals in differentiated products.
Role of Multinational Corporation (MNC)
The MNCs have become a very powerful forces in the world economy as they are playing very important role of such corporations in a developing country can be stated as follows –
(i) Undertaking Risks – The MNC are playing important role for reducing the risks of Indian regarding invention. It always supplies the deficit amount of capital which signifies a higher degree of risks on different fields like mining power, transport, industries, etc.
(ii) Technology Transfer – The less developing country Indian is characteristic by indifferent technique of production. By transferring superior technology to developing countries, it tries to reduce the technological gap in India with other countries.
(iii) Expansion of Market – The MNCs are playing significant role for enlarging the size of the markets in India. These corporations undertake market research and adopt highly efficient methods of marketing in India.
(iv) Optimum utilization of national Resources – The MNCs are playing very important resources. Generally in India, there exists abundance of natural resources like land, mineral and water resources. These corporations are playing significant role for setting up projects and accelerates over all economic growth in India.
(v) Infrastructural Development – The MNC are playing another important role for infrastructural development in India without active support of this institution expected growth rate through development of agriculture and industrial sectors are different to achieve.
Thus, it can be concluded that Multinational Corporation (MNC) are playing important role for country’s development of progress.
Conclusion
So friends, this was the concept of Multinational Corporation. Hope you get the full details about it and hope you like this article.
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