ECONOMICS

Detailed explanation-1: -The correct answer is the Nominal group technique. Nominal Group Technique is a structured method for generating ideas. It is more effective than Brainstorming and Delphi technique. In this technique, all the group members are physically present.

Detailed explanation-2: -The Delphi technique is a method of group decision-making and iterative forecasting that involves consulting a panel of experts and implementing systematic feedback rounds.

Detailed explanation-3: -With the Delphi Technique, you gain insight into each other’s individual ideas and later, in the second session, you can delve into those and further build upon those. Whereas a brainstorming session is known for interactive group meetings, the Delphi Method involves individually thinking about the problem.

Detailed explanation-4: -Brainstorming is a group problem-solving method that involves the spontaneous contribution of creative ideas and solutions. This technique requires intensive, freewheeling discussion in which every member of the group is encouraged to think aloud and suggest as many ideas as possible based on their diverse knowledge.