ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Generating alternative solutions for problem situations is a key component of effective problem solving. This process is used to generate a variety of potential options for managing a problem, from which the most effective approach or combination of approaches can be selected for implementation.

Detailed explanation-2: -Decision making has much in common with problem solving. In problem solving you identify and evaluate solution paths; in decision making you make a similar discovery and evaluation of alternatives. The crux of decision making, then, is the careful identification and evaluation of alternatives.

Detailed explanation-3: -Brainstorming. Brainstorming is a good technique for identifying alternatives. Making lists of possible combinations of actions can generate ideas that can be shaped into alternatives. Often this is best done with a small group of people with different perspectives, knowledge, and experience.

Detailed explanation-4: -One of the best known methods for developing alternatives is through brainstorming, where a group works together to generate ideas and alternative solutions.