Please Define the Following Key Terms

question 67

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Choose either the textile or the iron industry, and explain the nature of major developments influencing the Industrial Revolution in that field.

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Definitions:

Compensatory Model

An approach in decision making that considers alternatives and compensates for less desirable aspects of options by considering the strengths of other aspects.

Functional Mind Set

An attitude or approach that focuses on practical and effective solutions to problems, emphasizing functionality over abstractness.

Framing

The way information or choices are presented and structured, affecting how that information is perceived and acted upon.

Counterfactual Thinking

The mental process of imagining alternative scenarios and outcomes that didn’t happen, often beginning with "What if...?"