Which statement best represents Carnegie’s business philosophy

Subject : History

Question: Which statement best represents Carnegie’s business philosophy?

A. We welcome it when people’s conditions and environments are equal.

B. The law of competition is not beneficial to the human race.

C. Competition and inequality are necessary for human advancement.

Expert Verified Solution:

The correct answer is

C. Competition and inequality are necessary for human advancement.

Explanation: Andrew Carnegie, a prominent industrialist and philanthropist, believed in the philosophy that competition drives innovation and progress. He argued that while competition can lead to inequality, it also fosters advancements and improvements in society. Carnegie’s views were influenced by the idea of Social Darwinism, which suggested that competition and survival of the fittest were natural and beneficial for societal progress.