Andrew Carnegie was the one who used vertical integration to control steel production.
Vertical integration involves:
- Owning all the companies in the supply chain of a good including the <u>producers to the retailers </u>
- Being able to reduce production costs as a single company owns the various stages of production
Andre Carnegie founded Carnegie Steel which he used to acquire the suppliers of steel all the way to the sellers.
This allowed him to control the steel industry as he could overcharge competitors for steel whilst maintaining lower prices for his company.
In conclusion, Andrew Carnegie was able to us vertical integration to control the steel industry in a monopolistic like manner.
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Answer:
Finding a permanent solution to ruined harvest and mass famines
Explanation:
What Egypt could have done differently to save itself from decline is "finding a permanent solution to ruined harvest and mass famines."
This is because the major reason that is attributed to the fall of the Egyptian Empire are the following:
1. Great disparity in wealth between the aristocrats and the lower class
2. Constant war from neigboring city states
3. Culture and religion from other states.
Hence, to solve these issues, is to have a stable economy that is sustainable. And to have a sustainable economy is to ensure the city state or nation can feed itself well all the times, regardless of the climate change.
However, ancient Egypt struggled to maintain their economic growth which rest mainly on agriculture due to change in climate that effect their agricultural produce.
Therefore, in this case, the correct answer is "finding a permanent solution to ruined harvest and mass famines."
I don't know the answer but we go to the same school !! :D
