CORPORATES’ CULPABILITY AND CONSUMERS’ RESPONSIBILITY

Abstract

Transnational Corporations (TNCs) or Multinational Corporations (MNCs) interchangeably used in accordance to one’s convenience. There are hundreds and thousands of corporations on this planet out of which just Five hundred major TNCs control global production, distribution and consumption processes. These oligopolies have horizontally expanded and vertically integrated right from the most essentials-to luxury items-to-others that range from pins-to-arms-to-technologies-to-aero-planes-to what not. Apparently, these mega-corporations control from food-to-education-to technology-to-travel-to-everything on a global scale. The colossal capital these TNCs control is greater than the GDP of some countries put together in Africa and in other cases some independent countries in South Asia.