An ____ is a company that owns and controls production in more than one nation.

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An MNC is a company that owns and controls production in more than one nation.
MNCs or multinational companies conduct the production and own those businesses in more than one nation. In India, multinational corporations started gaining prominence with the 1991 reforms, which paved the way for liberalisation, globalisation, and privatisation. Multinational corporations start production in areas where the cost of getting labour, raw materials, and other resources is low to maximise their profits. The local companies also benefit from incorporating these multinational corporations into their countries as they access advanced technology and skill in their labour force. These multinational corporations also make additional expenses and investments.

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