Involves the buying and selling of goods and services between countries. Businesses may export products to foreign markets or import goods from abroad. Trade is facilitated by agreements like NAFTA, the European Union, or the World Trade Organization (WTO).
Foreign Direct Investment (FDI)
FDI occurs when a company establishes business operations or acquires business assets in another country, such as manufacturing plants or retail outlets. FDI helps in gaining access to new markets and resources.
Multinational Corporations (MNCs)
These are large companies that operate in multiple countries. Examples include Apple, Coca-Cola, and Toyota. MNCs often adapt their products, marketing, and operations to suit local cultures and market conditions.
