Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions, MNCs set up production units in the following ways:
(a) Set up jointly with some local companies of the country.
(b) Buy the local companies and then expand its production with the help of modern technology.
(c) They place orders for small producers and sell their products under their own brand name to the customers worldwide.

Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions, MNCs set up production units in the following ways:
(a) Set up jointly with some local companies of the country.
(b) Buy the local companies and then expand its production with the help of modern technology.
(c) They place orders for small producers and sell their products under their own brand name to the customers worldwide.

Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions, MNCs set up production units in the following ways:
(a) Set up jointly with some local companies of the country.
(b) Buy the local companies and then expand its production with the help of modern technology.
(c) They place orders for small producers and sell their products under their own brand name to the customers worldwide.

(i) Globalisation means unification or integration of the domestic economy with the world economy through trade, capital and technological flows.
(ii) factors that supported globalisation in India are as follows:
(a) Reduction of trade barriers with a view to allowing free flow of goods to and from other countries.
(b) Involvement of various local producers with MNCs in various ways.
(c) Some of the large Indian companies like Tata Motors, Infosys (IT), Ranbaxy, Asian Paints etc. emerged as MNCs and start working globally.

(i) Globalisation means unification or integration of the domestic economy with the world economy through trade, capital and technology flows.
(ii) Government can ensure fair globalization to its people in the following ways:
(a) Government needs to care about the labour laws so that workers get their rights and support small producers to improve their performance.
(b) Government can negotiate with world trade organisation for fairer rules and can align with developing countries to stand against the domination of developed countries.

(i) Soon after independence India put barriers on foreign trade and independent to create a large industrial base which helped in increasing the industrial production.
(ii) Policies were changed in 1991 because: 
(a) Global competition of Indian producers will improve the quality of Indian goods.
(b) Reduce the problems like unemployment, poverty, inflation etc. and support industrialisation.

Multinational Companies (MNCs) are the companies that owns or controls the production of their goods in more than one country. The main features of MNCs are:
(a) They set up their factories and offices in more than one country.
(b) The set up their units where the cost of production is low and higher profits can be earned.
(c) They produce and sell their finished products globally.

(a) Companies have invested in advanced technology and production methods.
(b) Successful collaboration with foreign companies.
(c) Goods at cheaper rate and better quality..
(d) Better production process and management practices.
(e) Creation of new jobs in both domestic and international market.