Multinational companies are companies that own or control their production in more than one country.
Two Indian MNCs: Ranbaxy and Infosys
Harmful effects of MNCs:
1. The competition from MNCs has not allowed small production units to survive. Many of them have shutdown.
2. To maximize profit, workers are often employed without the security of jobs and work in the unorganized sectors.
3. Even the workers in the organised sector do not enjoy the benefits or protection that is usually present in the organized sector.
Explanation: Even though the economy of a country and certain companies may benefit from the investment of MNCs, the smaller units and the numerous workers have suffered losses.
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