Question

How did vertical integration assist Andrew Carnegie in eliminating competition?

Answer 1

well vertical integration is an arrangement in which the chain of a company is owned by the person who owns the same company. so Andrew Carnegie made his own company and founded the expansion of the american steel industry in the late 19th century.

Answer 2

Well, vertical integration can give a competitive advantage because they won't need to pay anyone a profit for the materials needed in creating a product. Andrew controlled everything he needed to produce and sell steel items, he bought land that contained iron ore, coal, limestone. He made agreements with other companies so that they would buy his products as well, which clearly gives an advantage over his competition.