What Is a Transnational Corporation? Why Are Transnational Corporations Especially

question 100

Essay

What is a transnational corporation? Why are transnational corporations especially influential in shaping the world of work and the economy today?

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Definitions:

Oligopoly

A market structure dominated by a small number of large firms, leading to competitive and cooperative behavior among companies.

Pure Monopoly

A market structure where a single company or entity exclusively produces and sells a product or service, with no close substitutes.

Four-Firm Concentration Ratio

A metric indicating the total market share controlled by the four largest firms within an industry, used to assess market competitiveness.

Herfindahl Index

A measure of the concentration of market power held by the largest firms within an industry.