Multinational Corporations (MNCs)
Definition
MNCs are large companies that operate in multiple countries, conducting business activities across national borders.
Analogy
Picture MNCs as global nomads who have homes in different countries but travel freely between them for work purposes.
Related terms
Globalization: The increasing interconnectedness and interdependence of economies around the world through various channels, including MNCs.
Foreign Direct Investment (FDI): Investments made by individuals or companies from one country into businesses located in another country.
Outsourcing: The practice of hiring external companies or individuals to perform specific tasks or services, often in other countries with lower costs.
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