Trans National Corporations (TNCs) are companies that produce goods or market services is more than one country. These companies may be small firms or gignatic international ones like:- Coco Cola.
The TNCs are oriented to the global markets and global profits. However, some Indian Corporations are also becoming transnational.
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18.
Name two associations formed by industrialists.
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19.
Under an Industrial System, how can production be increased?
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20.
Define westernization. Describe some of its forms.