key term - Multinational Corporations (MNCs)

Definition

MNCs are large companies that operate in multiple countries, conducting business activities across national borders.

Related terms

Globalization:

The increasing interconnectedness and interdependence of economies around the world through various channels, including MNCs.

Foreign Direct Investment (FDI):

Investments made by individuals or companies from one country into businesses located in another country.

Outsourcing: The practice of hiring external companies or individuals to perform specific tasks or services, often in other countries with lower costs.