The role of multinational corporations in globalisation
Multinational corporations (MNCs) are companies that operate in more than one country. They drive globalisation by moving money, jobs, and technology across borders.
Real World
Apple designs its iPhones in California but manufactures components across 43 countries, with final assembly in Foxconn's factories in China — transferring technology and creating jobs while repatriating profits to the US.
Exam Focus
Distinguish whether the question asks about MNCs' role for host or home countries — mark schemes reward precise application of the correct perspective.
Price Elasticity of Demand
PED = % change in quantity demanded ÷ % change in price
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