A corporate business that has outgrown its national roots and identity as it became multinational with facilities in many countries and no overriding feeling of obligation or loyalty to any one of them. Such companies typically move their production facilities from nation to nation in response to labour costs and tax advantages. As a result, they are generally independent and beyond the control of any one national political system. Multinational corporations have had a major impact on previously isolated indigenous societies in the late 20th century. Multinational corporations are also known as transnational corporations.