Question

Describe the vertical and horizontal integration and explain how it contributed to the economic development of the United States.

Answer 1

Settlers and supplies arrived from all across the nation swiftly and effortlessly.

Vertical integration allowed a company to have complete control over the manufacturing and distribution of its products.

Horizontal integration allowed a company to remove rivals and take advantage of scale economies.

Horizontal integration occurs when a firm expands by purchasing a partner service in the very same sector at the same distribution network point.

When a firm expands by purchasing a company that works pre or post them in the distribution chain, this is known as vertical integration.

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