<u>Many </u><u>multinational corporations </u><u>conduct business in another country by using a </u><u>FDI.</u>
What are multinational corporations ?
- A multinational corporation is a business entity that has its headquarters in one country but operates in one or more additional countries.
- In terms of economics, "liberalization" refers to the removal of tariffs and other barriers to investment and trade.
What strategy is used by multinational corporations?
- Multinational, global, and transnational are the three fundamental international strategies that are available to multinational corporations.
- These strategies vary in how much emphasis is given to achieving global efficiency and addressing local needs.
- A company that constructs facilities across several nations in an effort to reduce production and distribution costs.
What FDI means?
An ownership stake in a foreign company or project is known as a foreign direct investment (FDI) and is made by a foreign investor, business, or government.
Learn more about multinational corporations
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Explanation:
In a free market economy, the law of supply and demand, rather than a central government, regulates production and labor. Companies sell goods and services at the highest price consumers are willing to pay while workers earn the highest wages companies are willing to pay for their services.
In order for production to take place, the question of what is to be produced must be answered. Who will receive the goods and services? must be answered for the production to take place.
<u>Explanation:</u>
The maximum and efficient utilization of the available resources is a big challenge that is being faced by any kind of society. This is because of the scarcity present in that society. There are three questions that can be used for the purpose of solving the problem related to economy. They are:
- What type of goods and services should be produced?
- How to produce the decided goods and services?
- Who will be consuming the produced goods and services?
For example a manufacturer must decide whether he must produce some appliances for kitchen or some weapons. Then he must decide how to produce those goods. He must decide the material that he must use to produce those goods. Then he must decide to whom will he serve these goods. He must decide whether to serve these goods with people in first-come basis or based on the education level, age, etc.
They used to live in wigwams that were dome shaped and not very large
<span>answer: treaty,Hope it helped.</span>
