Final answer:
Professional organizations set the guidelines for nursing practice through codes of ethics and standards. These standards govern the ethical and professional conduct of nurses and outline their responsibilities in patient care. Additionally, the healthcare labor market for nurses is influenced by supply and demand dynamics.
Step-by-step explanation:
The guidelines that define and regulate the scope of the nursing professional practice are typically issued by professional organizations that serve specific groups such as nurses. These organizations create codes of ethics that members must study and agree to abide by in order to be qualified as members of these professional groups. Similar to the Software Engineering Code of Ethics issued by the IEEE-CS for its members, nursing organizations have their own set of rules. These rules and guidelines outline what is expected ethically and professionally of nurses, the extent of their practice, and the responsibilities they hold to ensure patient safety, privacy, and the overall quality of care. When discussing the workforce dynamics within healthcare and nursing, economists study supply and demand in the labor market for nursing and other healthcare professionals.