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Question
Answer in brief.
State any two demerits of Multinational Corporation.
Solution
- Danger for Domestic Industries: Multinational Corporations have vast economic power so they are a danger to domestic industries which are still in process of development. Domestic industries are not so powerful to face the challenges of Multinational corporations.
- Create Problem for Environment: Profit is the sole objective of Multinational corporations. Such companies damage the environment of developing countries. To lower the price of goods they dump lower standard quality products which harm local soil, water, and air.
- Outsourcing of Job: Normally MNCs outsource the job work due to lower cost, due to this their liabilities towards employees are reduced.
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