Forgot the name for this economic principle...?

Question

I think it was Canegie or Vanderbilt who helped exemplify this term. It is where you control all areas of production from the ground up. In other words, if you were making a tshirt, you would own the cotton fields, the cotton processing plants, the thread making facilities, and the plants that actually wove the tshirts. I should know the word but it has been nearly a decade since I took the class and learned the term.

Answer 1

It's called "vertical integration". More specifically, what you are describing is backward integration. The other kind of vertical integration is forward integration; to expand your example, if you make T-shirts, you would own print shops that make logo wear and stores that sell T-shirts.

Answer 2

It is vertical integration and was created by the owner of steel industry when they begins to compete between them for adquire the mines which produce mineral.
Those companies that can not get its mines simply did disappears.

Answer 3

right here is a word you will desire to paintings on ... in·tel·li·gence [in-tel-i-juh?ns] noun one million. potential for studying, reasoning, information, and comparable varieties of psychological interest; flair in greedy truths, relationships, information, meanings, etc. 2. manifestation of a extreme psychological potential: He writes with intelligence and wit. 3. the school of information. 4. wisdom of an adventure, situation, etc., won or imparted; information; assistance. 5. the accumulating or distribution of assistance, fairly secret assistance. Now, i want you to pay specific concentration on definition one. let us know the way you're making out.

Answer 4

Are you thinking of 'vertical integration' ?

Answer 5

The cottin gin.

Answer 6

VERTICAL INTEGRATION !