Final answer:
The pre-equilibrium approximation assumes a fast initial step reaches equilibrium, permitting use of equilibrium constants for rate law derivation, while the steady-state approximation holds that intermediate concentrations remain constant for simplifying rate law derivation.
Step-by-step explanation:
The best description of the pre-equilibrium and steady-state approximations in deriving a rate law from a proposed mechanism is that the pre-equilibrium approximation assumes that a fast equilibrium is established between reactants and intermediate species, while the steady-state approximation involves the assumption that the concentration of intermediates remains constant throughout the reaction process.
In the pre-equilibrium approach, the fast initial step reaches equilibrium, allowing for the use of equilibrium constants to derive rate laws for the slow step that follows.
On the other hand, in the steady-state approximation, the rate of formation and the rate of consumption of an intermediate are equal, leading to a constant concentration of that intermediate, which simplifies the derivation of the rate law.