1.

“MNC’s are in a position to exercise massive control on an economy.” Substantiate.

Answer»

MNC’s are in a position to exercise massive control on an economy because of the following reasons:

  • MNC’s are characterised by possessing huge financial resources. These huge financial resources give them economic power in the economy. They can afford to survive even during losses as well. 
  • MNCs possess technological superiorities and are capable of conform to international standards and quality specifications. 
  • They make use of aggressive marketing strategies for their products. 
  • They have an established brand image in the market.


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