Economics (NTSE/Olympiad)  

4. Globalisation and the Indian Economy

Production Across Countries

Production Across Countries
Until the middle of the 20th century, production was organised within countries. Even in our country most of the production was in the hands of the government. But with the entry of MNCs (Multi National Corporations) the whole world market has changed.
A MNC is a company that owns or controls production in more than one country for e.g. Pepsi, Samsung, Onida, Glaxo, Ponds, LG etc.

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