ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The negative consequences of any action are as tangible as its benefits, sometimes more so. Once a decision has been made and implemented, any of its negative effects will eventually become real problems. The effects of decisions-good or bad-always outlive the decision-making process that produced them.

Detailed explanation-2: -There is a psychological phenomenon called the “Consequence of Choice.” It says that the more choices you are faced with, the more difficult it is to decide. When you finally decide, it has taken longer and you are less confident that is was the correct choice.

Detailed explanation-3: -“When you choose an action, you choose the consequences of that action. When you desire a consequence you had damned well better take the action that would create it.”

Detailed explanation-4: -a result of a particular action or situation, often one that is bad or not convenient: Not making a will can have serious consequences for your children and other family members.

Detailed explanation-5: -Making Good Decisions Is a Very Important Skill. We All Have to Make Decisions Every Day. If You Make a Bad Decision, It’ll Help You Become a Better Problem Solver in the Future. You’ll Have a Sense of Accomplishment. You’ll Gain Confidence. Better Life Balance. Better Relationships. There Are No Feelings of Regret. More items •04-Aug-2022