What Is the Distinction Between External and Internal Economies and Diseconomies

question 47

Essay

What is the distinction between external and internal economies and diseconomies of scale in an industry?

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Definitions:

Cardiovascular Activity

Physical exercise that increases the heart rate and blood circulation throughout the body, often recommended for improving heart health.

Osteoporosis

A condition characterized by severe loss of bone mass, leading to increased risk of fractures.

Socioeconomic Status

An individual's or group's economic and sociological position relative to others, based on income, education, and occupation.

Maladaptive Coping

Refers to ineffective strategies used to handle stress or emotional pain, often worsening the situation.