Multinational Corporation
A corporation that owns services in at least one country other than its home country
Real World Example
In history, multinational corporations (MNCs) grew significantly after World War II as companies sought new markets and resources, helping to rebuild economies and drive globalization. They responded to the need for economic growth and the spread of technology and innovation across borders. Today, MNCs are important because they create jobs, influence global trade, and bring diverse products to different countries. For example, a company like McDonald's operates worldwide, offering familiar food to travelers and adapting menus to local cultures, affecting dietary habits and employment opportunities. This shows how MNCs can impact local economies and daily life by connecting people globally through their products and services.
