This blank can be filled with the Multinational company. A multinational company is commonly known as MNC. MNC operates the business in many different countries at the same time.
Globalization is a word that describes the interdependence of the world economy, culture, population, investment, technology, goods, and service.
Globalization boosts the business of MNC. There are fewer restrictions, tariffs, and government intervention in international trade. It increases production and motivates companies to set up the firm in less developed countries.
Therefore due to Globalization world economy become a local market.
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