The basic concepts of socialism are as follows; the main idea is that people should live in an egalitarian society where everybody would contribute as much as he can and take as much as he needs, this would give us a society where everybody would be equally well off and nobody would have less. Everything would also be state owned - this has been a solution that happened in the past.
In my opinion, pure socialism cannot succeed but perhaps using some things from it could be very beneficial.
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Vertical integration is a form of business organization in which a company controls the supply chain from acquisition of raw materials, to manufacturing, to end sales. In history, vertical integration was a form of industrial organization. One common effect of vertical integration was that it made supplies more reliable and thus, improved efficiency. It took over and controlled the quality of the product at all stages of production
Answer:
What was the result of the Adams-Onís Treaty? The United States gave up claims to the Oregon Country. The United States and Britain settled a Texas border dispute. Spain gave the United States Florida in return for payment. Great Britain gave up claims to the Oregon Country.
Explanation:
Answer:
I don't know. That's like asking why people fight in general
Explanation:
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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