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In a direct democracy, people vote on policies directly such as the Brexit referendum where people got to directly influence the outcome of the result.
In a representative democracy people vote for representatives who present a particular plan, ideas and policies and ask people to vote for them. Whomever gets the majority vote has a mandate to carry out his policies. In this system the voter does not have direct control over the outcome.
World War 2 began as a result of Germany attacking Poland for no reason.
<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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