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multinational companies - Coggle Diagram
multinational companies
businesses operating in a number of countrie e.g through extracting resources, manufacturing
larger sized companies turnover more GDP than some small countries= have huge power and influence
social benefits
increased living standards
less conflict
job opportunities
access to latest technology
cheap raw materials
Disadvantages
can impact local businesses and industries
increases competition= local business close
increased unemployment
may destriy local culture
loss of localised products and intoduces new habbits
can have negative environmental impacts e.g pollution and destruction of local environment
Advantages
provide employment
better living standards
investment = infrastructure built
pays taxes to government
introduces new working methods
technology
increased custimer choice
increased growth in the uk econemy- through supplying multinationals
social drawbacks
comepttiton for investment
pollution
the rich become richer