ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Answer. The answer that is being described above is what we call CRITICAL THINKING. This is when someone uses different types of reasoning that is appropriate for a given situation and then analyzes of the possible results of a particular decision.

Detailed explanation-2: -Definition. Simply put, critical thinking is the act of deliberately analyzing information so that you can make better judgements and decisions. It involves using things like logic, reasoning, and creativity, to draw conclusions and generally understand things better.

Detailed explanation-3: -Critical thinking is the practice of methodically gathering, analyzing, and evaluating information. It is one of the most vital parts of the problem-solving and decision-making process, as it is the act of clearly thinking through options that will lead to a final choice.

Detailed explanation-4: -Critical thinking is looking for hidden values, evaluating evidence and assessing multiple conclusions. I feel decision-making is an action. It is the destination of logical and analytical problem solving which is based in fact. Once the destination is reached, action in taken according to the resolution reached.

Detailed explanation-5: -Intellectual Value. It activates the use of critical thinking or logical skills, reaching to a realization of fundamental truths.