Social Science: Globalisation and the Indian Economy - Concept of Globalization and Factors

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Why do MNCs set up their offices and factories in those regions where they get cheap labour and other resources?

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Solution

Multinational companies usually set up their factories and offices for production in countries where land, labour and raw materials are available at much cheaper rates. This results in greater profits for the company.

Concept: Concept of Globalization and Factors
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2015-2016 (March) All India Set 1

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