In a Short Essay,define Internal Validity and External Validity and Discuss

question 101

Essay

In a short essay,define internal validity and external validity and discuss the difference between each type of validity.

Know the historical development of the American economy, including the transition from agriculture to industry.

Understand how industrialization and service-oriented economies have shaped modern economic systems.

Understand the characteristics of the American economic system and identify it as modified capitalism.

Comprehend the relationship between ethical conduct, corporate social responsibility, and business profitability.

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Definitions:

Intrapersonal Skills

The ability to understand and manage one's own emotions, thoughts, and behaviors.

Differentiation

The process of identifying and emphasizing the unique characteristics of a product, service, or entity to distinguish it from competitors.

Problem-Solving

The process of finding solutions to difficult or complex issues by identifying the problem, gathering information, creating and considering options, and implementing solutions.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.