Business - Unit 1.6: Multinational companies

Gross domestic product (GDP)

Value of a country’s annual output or national income.

Host country

Any nation that allows a multinational company to set up in its country.

Multinational company (MNC)

Organization that operates in two or more countries, with its head office usually based in the home country.

Protectionist policies

Measures imposed by a country to reduce the competitiveness of imports, such as tariffs (import taxes), quotas, and restrictive trade practices.