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Which psychological empowerment belief is defined as the feeling of making a difference?
Economies of Scale
Economies of scale refer to the cost advantage that arises with an increased output of a product, as fixed costs are spread out over more units of production, leading to a decrease in the per-unit cost.
Diseconomies of Scale
The phenomenon where production costs increase as a firm's production scale becomes too large, leading to inefficiencies.
Diseconomies of Scale
The phenomenon where production costs increase as a company grows larger, leading to reduced efficiency.
Bureaucratic
Pertaining to a system of administration characterized by strict policies, procedures, and hierarchy.
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