Answer:
the first president of United States.
<u>Answer:</u>
The economic philosophy that Andrew Carnegie is referring to in this quote is capitalism.
<u>Explanation:</u>
It is clear from the terms used and the process described in the quote that the philosophy Andrew Carnegie is referring to is none other than capitalism. It is because Carnegie is speaking about 'competition' which according to him is beneficial in the growth.
The term 'material development' also clarifies that the quote is in the praise of capitalism. Moreover, Andrew Carnegie was himself a capitalist.
If a business owner wants to increase demand for quantity, then the business owner should lower the price of the product. This lowering of price will attract more people to go for the product and this will increase the demand for quantity in the market. I hope the answer comes to your help.
Answer:
Explanation:
The Renaissance was a rebirth of ancient Greek and Roman thinking and styles, and both the Roman and Greek civilizations were Mediterranean cultures, as is Italy. The best single reason for Italy as the birthplace of the Renaissance was the concentration of wealth, power, and intellect in the Church.
