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Q.

[[1]] is a company that owns and controls production in more than one nation.


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Detailed Solution

Multinational Corporation is a company that owns and controls production in more than one nation.
Multinational Corporations (MNCs) are companies that own or manage production in multiple countries. MNCs establish their offices and factories for manufacturing in areas wherein they can get cheap labour and other raw materials. This is done so because then the cost of manufacturing is low, and the MNCs can earn a more substantial profit. In general, MNCs establish manufacturing closest to the marketplace, wherein skilled and unskilled labour is available at a low cost and where other factors of production are abundantly available.
 
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