MNCs often attempt to set up production in locations where land and labor are expensive, because expensive factors of production indicate high demand.

Name: MNCs often attempt to set up production in locations where land and labor are expensive, because expensive factors of production indicate high demand.
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Question

Quizplus · Accepted Answer

MNCs tend to seek locations where the factors of production such as land and labor are cheaper, as this allows them to minimize their production costs and maximize profits.

MNCs Often Attempt to Set Up Production in Locations Where