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A nurse who has recently relocated from a city to a sparsely populated rural area understands that certain familiar customs and practices may seem strange to the people in the new location.Which critical thinking attitude is the nurse demonstrating?
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average cost per unit when production is increased.
Externalities
Costs or benefits that result from an economic activity and affect third parties who did not choose to incur that cost or benefit.
Diseconomies of Scale
The phenomenon where, as a firm scales up its production, the per unit cost starts to increase, typically due to inefficiencies.
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