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Q: How did vertical integration benefit companies such as Carnegie Steel?
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How did entrepreneurs benefit from vertical integration and horizontal integration?

it made it so that everyone would have a equal change to get money.


Who said that great wealth was a resource to be used to benefit others?

Andrew Carnegie


What is the term horizontal consolidation?

Horizontal consolidation is when companies try to merge with each other, whereas vertical consolidation is where the business tries to actually take over to benefit themselves!


Who wrote gospel of wealth?

The "Gospel of Wealth" was written by Andrew Carnegie in 1889. In this essay, Carnegie discussed his views on wealth accumulation and philanthropy, arguing that the wealthy have a responsibility to use their wealth to benefit society.


Who was the first industrialist to advocate the gospel of wealth?

Andrew Carnegie was the first industrialist to advocate the gospel of wealth. He believed that the wealthy had a responsibility to use their wealth to benefit society and help those less fortunate. Carnegie promoted the idea that the rich should engage in philanthropy and contribute to the welfare of the public.


What are the benefits of regional integration to the Caribbean?

One benefit to regional integration in the Caribbean is the fact that the regions will have more resources. With more resources the regions can compete globally.


Which wealthy businessman wrote the essay The Gospel of Wealthin which he encouraged wealthy people to use their money to benefit society?

Andrew Carnegie


Which wealthy businessman wrote the essay "The Gospel of Wealth," in which he encouraged wealthy people to use their money to benefit society?

Andrew Carnegie


What companies benefit from car pollution?

Emission stations.


What is rival companies cooperate for their mutual benefit?

collusion


What was the hypothesis proposed by Andrew Carnegie called?

The hypothesis proposed by Andrew Carnegie is known as the "Gospel of Wealth." It suggested that wealthy individuals have a responsibility to use their wealth to benefit society and help address social issues. Carnegie believed in philanthropy and argued that the rich should give back to their communities to improve society as a whole.


Who did Andrew carnegie believe?

Andrew Carnegie believed in the concept of the "Gospel of Wealth," which argued that wealthy individuals had a moral obligation to use their fortunes to benefit society. He believed in philanthropy and donated a significant portion of his wealth to causes such as education and the arts.