Question

According to Carnegie, what are the three modes of administering wealth?

Answer 1

According to Carnegie, there are three modes of administering excess wealth.  It can be left for family members and passed down after death.  Wealth can be left to be used for public services after death.  It can also be used by the possessor during his or her lifetime.

Answer 2

According to Carnegie, there are three ways in which we can manage the wealth we have left over.

1.- The first and most imprudent: You can leave the families of the deceased.

2.- Regarding the second mode: It can be bequeathed for public purposes.

3.- Or, finally: It can be administered during its life by its owners.