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Multinational corporation

Multinational corporation Definition

A multinational corporation (MNC) or transnational corporation (TNC) is one that spans multiple nations; these corporations are often very large. Such companies have offices and/or factories in different countries. They usually have a centralised head office where they coordinate global management.

Very large multinationals have budgets that exceed those of many countries. They can be seen as a power in global politics.

Multinationals often make use of subcontractors to produce certain goods for them. The first multinational appeared in 1602 and was the Dutch East India Company.




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