If a developing country allows MNC's for the services then what is the impact on economy of the country?

Asked by Last Modified  

5 Answers

+1 Social science

Follow 0
Answer

Please enter your answer

Bijaya K Parida

Mathmatician

See Sandeep, If you completely aware about economies and financial market you realize it. All of the globally developing as well as developed market are service sector oriented instead of manufacturing and agriculture industry. I am giving completely knowledge about our economy which is as developing...
read more
See Sandeep, If you completely aware about economies and financial market you realize it. All of the globally developing as well as developed market are service sector oriented instead of manufacturing and agriculture industry. I am giving completely knowledge about our economy which is as developing in global market. We have three sector in our economy which is primary, secondary and territory sector. In primary sector in which 60 percent people depend and contribute only approx. 16 percent of GDP. Where as in territory which as servie sector nly 16 percent people depend and countribute approx. 65 of GDP. That is the not only situation in our country as developing it is globally phenomena now a days. Despite rising consumtion level an changing lifestyle domestic economic unable to fulfilled it that's wht MNC enter to developing country. You can contact me bkparida double five at the rate y dt com read less
Comments
Dislike Bookmark

Tutor

If a country allows MNC's for service it may leads to get opportunity to get employment and financial growth of a country also increases by that country may develop
Comments
Dislike Bookmark

MNC's stands for Multi-National Company. Providing MNC's to developing country is beneficial for both i.e developing nation and the company which established their company. MNC's get cheap labour in developing country like- India, Bangladesh etc and country crowd get employment which directly contribute...
read more
MNC's stands for Multi-National Company. Providing MNC's to developing country is beneficial for both i.e developing nation and the company which established their company. MNC's get cheap labour in developing country like- India, Bangladesh etc and country crowd get employment which directly contribute to the GDP of that nation. read less
Comments
Dislike Bookmark

Tutor

If a developing country allows MNC's for the services it will impact the economy in the following ways More Job Creation Increase Competition which will eventually help the consumers and will give them more options Boost in infrastructure Help the local traders and farmers due to mandate to procure...
read more
If a developing country allows MNC's for the services it will impact the economy in the following ways More Job Creation Increase Competition which will eventually help the consumers and will give them more options Boost in infrastructure Help the local traders and farmers due to mandate to procure some percentage in FDI rules. read less
Comments
Dislike Bookmark

Maths & Science Teacher

Economy will even become stronger for the developing country as MNCs for services will boost employment opportunities for the youth's of nation. This will lead to generation of more demand for goods and services as the purchasing power parity (PPP) will go up. And an increase in demand in an economy...
read more
Economy will even become stronger for the developing country as MNCs for services will boost employment opportunities for the youth's of nation. This will lead to generation of more demand for goods and services as the purchasing power parity (PPP) will go up. And an increase in demand in an economy is ideally regarded a better economic condition for the country and its GDP (Gross Domestic Product) read less
Comments
Dislike Bookmark

View 3 more Answers

Related Questions

''योजकस्तत्र दुर्लभः" what is the meaning of this line ?
योजक: (लगाने वाला), तत्र ( वहां , उस कार्य में ) , दुर्लभ: ( दुर्लभ है/ rare है ) अर्थात् व्यक्ति विशेष को (उस कार्य में जिस कार्य में वह सफल हो सकता है) लगाने वाला दुर्लभ है ।
Renu
If HCF (6, a) = 2 and LCM (6, a) = 60, then find a.
60 * 2 = 6 * a a= 10
Khushwunder
0 0
9
Solve : x + y = 18; y + z = 12; z + x = 16
Let x+y=18---(1), y+z=12---(2),z+x=16---(3) Solving (2)-(3) we get y+z-z-x=12-16 y-x=-4--(4) Solving (4)+(5) we get x+y+y-x=18-4 2y=14 y=14/2=7 Substitute y value in (1) x+7=18 x=18-7=11 Substitute x value in (3) z+11=16 z=16-11=5 x=11, y=7, z=5
Deepak
0 0
5
Find the polynomial of least degree which should be subtracted from the polynomial x4 + 2x3 – 4x2 + 6x – 3 so that it is exactly divisible by x2 – x + 1.
Remainder = x-1
Shiva
0 0
6
What is Investment in terms of economy?
All income expended by firms or government agencies on capital goods for use in their productive activities. Aggregate investment in a national economy is the total amount of spending in order to maintain...
Sirish
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Common Factors
Factors that two numbers have in common are called the common factors of those numbers. Example: What are the common factors of 20 and 25? The factors of 20 are 1, 2, 4, 5, and 20. The factors...
A

Amrtha S.

0 0
0
OAA
I suggest a writing tip called OAA which means Observe Analyse and Apply. one will find it easy to answer any question if you follow this trip

Roja Reddy B.

0 0
0
Do You Know From Where Pizza Got Its Name?
Well, we all know that pizza is circular in shape having some height and therefore thus making cylindrical shape. And the Volume of Cylinder is Πr2h where 'r' is the radius of circular part and 'h'...

Priya

2 0
0
Difference Between Ionic and Molecular Compound
1. Molecular compounds are pure substances formed when atoms are linked together by sharing of electrons while ionic compounds are formed due to the transfer of electrons.2. Molecular compounds are made...

Debraj Paul

0 0
0
Polymerase Chain Reaction
The polymerase chain reaction (PCR) was originally developed in 1983 by the American biochemist Kary Mullis. PCR is used in molecular biology to make many copies of (amplify) small sections of DNA. Using...

Nikita M.

1 0
0

Recommended Articles

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Meet Sandhya R, a B.Sc tutor from Bangalore

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Quest Academy - Institute of the month

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Find Class 10 Tuition near you
Class 10 Tuition in Delhi
Class 10 Tuition in Bangalore
Class 10 Tuition in Hyderabad
Class 10 Tuition in Kolkata
Class 10 Tuition in Chennai
Class 10 Tuition in Mumbai
Class 10 Tuition in Pune
Class 10 Tuition in Noida
Class 10 Tuition in Lucknow
Class 10 Tuition in Gurgaon
Online Tuition Class 10

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you