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MNCs are large corporations that operate in more than one country. They are usually headquartered in one country and have subsidiaries in other countries. The subsidiaries report to the central headquarters.
MNCs have three main objectives: Lower production costs, Mitigate risks, and Enhance market power.
MNCs can help the technological growth of a country by bringing new innovations and technological advancements. They can also help modernize the industry in developing countries and reduce the host country’s dependence on imports.
