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Class 10 > Learn Class IX-X Tuition > If a developing country allows MNC's for the services...
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If a developing country allows MNC's for the services then what is the impact on economy of the country?

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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...
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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
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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
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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...
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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
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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...
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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
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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...
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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
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