How many TNCs were there approximately in 2016?

Prepare for the HSC Economics Exam with comprehensive study materials, including flashcards and multiple choice questions. Each question offers hints and detailed explanations to boost your confidence and help you ace your exam!

The correct answer reflects the approximate number of transnational corporations (TNCs) operating globally around 2016. Estimates show that there were around 320,000 TNCs at that time, emphasizing the significant presence of multinational companies across the world. These TNCs play a crucial role in the global economy by facilitating trade, investment, and employment across national borders.

Understanding the scale of TNCs is important when analyzing their impact on economic development, labor markets, and globalization. The figure of 320,000 indicates a substantial growth in the number of TNCs over the years, reflecting trends such as liberalization of trade policies, advancements in communication, and transportation technologies that allow companies to operate internationally. This context is vital for comprehending how TNCs influence global economic dynamics.

The other options understate or overstate the actual number of TNCs, which misrepresents the scale of their operations and influence in the global economy during that period.

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