Examine any three conditions which should be taken care of by multinational companies to set up their production units.
MNC's decision to set up production units of certain commodities in other countries is determined by the following conditions:
i. Proximity to markets and availability of buyers.
ii. Availability of cheap labor both skilled and unskilled,
iii. Availability of raw materials at lowest possible rates and
iv. Support from the government like providing SEZ's that is special economic zones.
v. Assured profits
vi. Support from local companies and manufacturers.
Why do the movement of goods and services from one place to another require fast and efficient means of transport. Explain with examples.
