Final answer:
Multinational corporations (MNCs) refer to businesses that operate in multiple countries and have manufacturing or service companies in various nations. They play a significant role in global economic integration and have the ability to influence laws and policies in the countries where they operate.
Step-by-step explanation:
Multinational corporations (MNCs) refer to businesses that operate in multiple countries. They are headquartered in one nation but have manufacturing or service companies in various countries. MNCs play a significant role in global economic integration and have the ability to influence laws and policies in the countries where they operate.