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Question
What are the advantages and disadvantages of MNCs?
What are the advantages and disadvantages of MNCs?
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Solution
Some of the advantages of Multinational companies (MNC’s) are 1) it will help in increasing the trade of the nation 2) It will help in improving the economy of a nation 3) It will increase employment opportunities for the people of a nation. Some of the disadvantages of the MNC’s are 1) It could pose a threat to small and local businesses. 2) Due to lack of stringent labor laws, the employees could be exploited. 3) There could be risk of conflicts between MNCs and the country it is operating in due to potential fragile political climate.
Some of the advantages of Multinational companies (MNC’s) are 1) it will help in increasing the trade of the nation 2) It will help in improving the economy of a nation 3) It will increase employment opportunities for the people of a nation. Some of the disadvantages of the MNC’s are 1) It could pose a threat to small and local businesses. 2) Due to lack of stringent labor laws, the employees could be exploited. 3) There could be risk of conflicts between MNCs and the country it is operating in due to potential fragile political climate.
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