is the idea that proposes that the ability of decision makers to be rational is limited by numerous constraints, such as complexity, time, cognitive capacity, values, skills, habits, and unconscious reflexes.

bounded rationality.

Explanation:

Bounded rationality is a theory which was first  developed by Herbert Simon, which challenges the notion of human rationality. Rationality is bounded by constraints on our ability to think, available information, and time. It seeks to highlight important contributions from the disciplines of decision making, cognitive, genetics, and philosophy, to our current understanding of bounded rationality.

industry had made the u.s. the richest nation in the world at this time. the second industrial revolution caused growth in industry and transportation, which allowed increased trade between nations.