ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Proactive decision making involves anticipating events and issues and taking action to minimize challenges and maximize successful outcomes before they become problematic. Reactive decision making involves taking action after an incident or event has occurred.

Detailed explanation-2: -The fear of making the wrong decision, or “decidophobia”-a term coined by Princeton University philosopher Walter Kaufmann in his book Without Guilt and Justice-can affect people even when it comes to the smallest choices, such as what to have for lunch or what to wear.

Detailed explanation-3: -Difficulty in making decisions can be caused by several factors, such as a fear of failure and a lack of confidence or information. Indecisiveness can also be a symptom of mental health conditions, such as attention deficit hyperactivity disorder (ADHD), depression, and post-traumatic stress disorder (PTSD).

Detailed explanation-4: -For example, if sales are down, find out what issues are causing it such as customer service or product quality. This is proactive because you’re making the effort to identify the problem that you need to solve.