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explain the composition of municipal corporation

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1.Mncs are companies that own or control production in more than one country.
2.They set up factories for production in regions they get cheap labour and other resources.
3.Mncs also set up joint stocks with local producers to expand their production.
4.Sometimes they also buy up the local producers to expand their production.
5.Mncs place order with small producers.Products are made and sold in the name of company.

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