Name: Health and Adolescent population in India
Uploaded: 2019-07-19
Duration: 6 min 2 s
Description: We all realised how collective health becomes important due to the pandemic! Let’s explore this video to learn more about the health of a population

Question

Explain the term Multinational corporations and how globalization has made the world &ldquo;one big market&rdquo;. What are the advantages of Globalisation?

Accepted Answer

A multinational corporation (MNC) is an organisation registered in more than one country. It produces goods and services, sells across national borders.

MNC reduces its production cost by shifting to low-income countries and earn greater profits.

The corporation brings in advanced technology to these countries which further leads to the development of these countries. This is a positive element for both groups.

The term 'Globalisation' can be defined as products, services, technology spreading across national borders. It can also be defined as the interdependence of nations on each other for booming trade. It is a social, cultural, political amalgamation of organisations.

Benefits of Globalisation:

Globalisation has created one big market for jobs and services around the world.

Socially it has lead to interaction among various cultures.

Culturally, it has increased the collaboration of ideas and values.

Politically, it has created governing bodies like United Nations (UN) and World Trade Organisation (WTO).

Explain the term Multinational corporations and how globalization has made the world “one big market”. What are the advantages of Globalisation?

Important Questions on Understanding the Indian Economy

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