CBSE · Class 10 · Social Science · Economics: Globalisation and the Indian EconomyA company that owns or controls production in more than one nation is called a:
Step-by-Step Solution
A Multi-National Corporation (MNC) is a company that owns or controls production in more than one nation. MNCs set up offices and factories for production in regions where they can get cheap labour and other resources.
Detailed Options Breakdown
Option : Foreign Company
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
Option 1: Multi-National Corporation (MNC) (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: International Company
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
Option 3: Local Company
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
💡 Study Guide: This question tests core syllabus concepts from Economics: Globalisation and the Indian Economy. For formulas, key summaries, and mock exam reference guides, read the full Economics: Globalisation and the Indian Economy Revision Notes.