The company having assets and facilities in at least one country outside their home country is called multi national corporation. Such corporations have factories and offices in different countries along with a centralised head office to coordinate and mange its various branches. The budgets of various multinational corporation exceeds the GDP of many countries.
They derive more than a quarter of its revenue from other countries and many are operating in developing nations. Supporters of such companies state that they provide employment and better goods to the people in developing countries but the critics argue hat they exploit the resources and have influence over the government and leads to job losses. History of multinational corporations is related to colonialism.
A multinational corporation<u> also known as transnational corporation</u> is a company that has factories or offices in more than one country. Multinational corporations operate from more than one country, but have a general office usually based in the home country that coordinates the global management of the other facilities.
