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The Argument for Centralizing Production Will Be Greater If the Minimum

question 65

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The argument for centralizing production will be greater if the minimum efficient scale of a plant relative to total global demand is low.


Definitions:

Reinforcement

In psychology, a process by which a stimulus increases the probability of a response through either positive or negative reinforcement.

Response

A reaction to a specific stimulus or set of stimuli, which can be observable behavior or internal processes.

Intermittent Reinforcement

A conditioning schedule where a response is reinforced only some of the time, leading to more resistant behaviour to extinction.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer presented.

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