ECONOMICS

Detailed explanation-1: -The outcome of an activity, process, or situation is the situation that exists at the end of it.

Detailed explanation-2: -Outcome bias is our tendency to judge a person or a decision based on the result than on the process.

Detailed explanation-3: -Good Choices Can Lead to a Happier Life when you make the right decision, you feel better and have more confidence in yourself. It also helps with how we think about ourselves and others around us; positive thoughts lead to positive actions, which lead to a positive environment around us!

Detailed explanation-4: -Cause-and-effect analysis is a systematic way of generating and sorting hypotheses about possible causes of a problem. Once the root causes of problems are identified, they can be addressed rather than just the symptoms.