Multinational Corporations

Multinational Corporations (MNCs) are large companies that operate in multiple countries. They manage production, services, or markets across various nations to take advantage of different economic conditions, resources, labor costs, and consumer bases. MNCs often influence local economies by creating jobs and investing in infrastructure, but they may also impact local businesses and regulations. In the context of international industrial economics, MNCs play a crucial role in global trade, competition, and economic development, navigating complex relationships between their home country and the countries they operate in.