A Transnational Corporation (TNC) is a large company that operates in multiple countries around the world. These corporations manage production or deliver services in more than one nation, allowing them to tap into different markets and resources. For example, a TNC like Coca-Cola produces its beverages in various countries, adapting to local tastes while maintaining a global brand.
TNCs play a significant role in the global economy, influencing trade, investment, and employment. They often create jobs in host countries and contribute to local economies. However, their operations can also raise concerns about labor practices and environmental impact, leading to discussions about corporate responsibility.