Definition of MNC in English:

MNC

noun

  • A multinational corporation or company.

    ‘the event will be attended by CEOs from top MNCs’
    ‘MNCs are likely to bring employment practices characteristic of their home country to countries in which they have subsidiaries’
    • ‘The nature of a country's educational and training institutions may also constrain the range of choices that management in an MNC face.’
    • ‘This is no free market; the MNCs come armed with the big guns of national and international (IMF and World Bank) subsidies.’
    • ‘Acquisitions will be another important driver in the evolution of the Indian MNC.’
    • ‘The technological expansion of MNCs also depends on the MNC's management of different proximities and distances.’
    • ‘The important aspect of the MNC is that it retains a home base, with national regulation.’
    • ‘Suppose that shoes are produced in country X by a MNC with a branch in X and its home office in the United States.’
    • ‘The huge talent pool, low cost and strong research infrastructure attract many MNC to set up R&D centres in India.’
    • ‘The MNC then begins to pay those staff better, as it is still cheaper than building a new factory in New York.’
    • ‘It benefits the MNC as well if they learn to avoid using sweatshop labour, and we, the consumers, reward them for that.’
    • ‘One implication is that continuing differences in national cultures constrain the ability of an MNC to diffuse practices across countries.’

Origin

1970s: abbreviation.