ECONOMICS

Detailed explanation-1: -The four decision-making styles, analytical, directive, conceptual, and behavioral, are strategies leaders and individuals employ to make choices. Different styles work better in different situations or environments, and understanding decision-making leads to productive, cooperative, and engaged work environments.

Detailed explanation-2: -Four common leadership styles are autocratic leadership, democratic leadership, laissez-faire leadership, and paternalistic leadership.

Detailed explanation-3: -Democratic leadership: Unlike autocratic or bureaucratic leaders, a democratic leader often welcomes subordinate participation in decision-making. This leadership style is often admired and can be effective in creative work environments that don’t require quick decisions.

Detailed explanation-4: -Democratic leadership, also sometimes known as participative leadership, is a leadership style characterized by the leader’s choice to involve team members in the decision-making process. In all decisions, the leader has the final say, but they make decisions according to the input they receive from his team.