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TNCs, or transnational corporations, are multi-business companies that operate in more than one country and control assets in economies other than their home economy. They are also known as multinational companies or MNCs and are a powerful part of the global economy. TNCs can merge and acquire each other to form larger entities that dominate the international marketplace. Some of the biggest retail, technology, food, coffee, and soft drinks brands are TNCs. The concept of TNCs replaced that of multinational companies as a more accurate description of capitalist firms conducting business on a global scale.