Choose given statement is true/false:

The MNCs relocated their production to Asian countries in the 1970s because they had relatively low wages compared to where they were working.

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Detailed Solution

The above statement is True.
Large businesses known as multinational corporations (MNCs) simultaneously conduct business in multiple different nations. The 1920s saw the establishment of the first MNCs. The MNCs relocated their production to Asian countries in the 1970s because they had relatively low wages compared to where they were working. The working population of workers in Asian countries were huge in number. These economies had a low-cost structure available. This relocation of MNCs to Asian countries led to a stimulation of world trade and capital flows.

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