What is the full form of MNC?

The acronym MNC stands for Multinational Corporation, denoting a company that is headquartered in one nation but operates in multiple countries. It is also known as a stateless corporation, MNE (multinational enterprise), or transnational corporation. While an MNC may have branches and industries in different countries, its main office is typically located in its country of origin.

In the 17th century, the East India Company could be considered one of the earliest examples of an MNC due to its operations in India. Today, there are numerous well-known MNCs worldwide, such as Apple Inc., Microsoft, Coca-Cola, Samsung, Pepsi Co, Infosys, and Nike Inc.

MNCs offer various advantages, including significant investments in the host nation, the introduction of new technologies, and large-scale production of goods following global standards to reduce manufacturing costs. They play a role in providing goods and services to the citizens of the host nation at competitive prices and contribute to government revenue through income tax and other levies like export duties and GST.