MULTINATIONAL CORPORATION


Meaning of MULTINATIONAL CORPORATION in English

Any corporation registered and operating in more than one country at a time, usually with its headquarters in a single country.

A firm's advantages in establishing itself multinationally include both vertical and horizontal economies of scale (reductions in cost that result from an expanded level of output). Critics usually regard the multinational corporation as destructive of local economies abroad and as prone to monopolistic practices. See also conglomerate .

Britannica Concise Encyclopedia.      Краткая энциклопедия Британика.