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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 alsoconglomerate.
This entry comes from Encyclopædia Britannica Concise. For the full entry on multinational corporation, visit Britannica.com.
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