ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -estimate, appraise, evaluate, value, rate, assess mean to judge something with respect to its worth or significance. estimate implies a judgment, considered or casual, that precedes or takes the place of actual measuring or counting or testing out.

Detailed explanation-2: -Some common synonyms of evaluate are appraise, assess, estimate, rate, and value. While all these words mean “to judge something with respect to its worth or significance, ” evaluate suggests an attempt to determine relative or intrinsic worth in terms other than monetary.

Detailed explanation-3: -Some common synonyms of assess are appraise, estimate, evaluate, rate, and value.

Detailed explanation-4: -When you assess a matter, you make a judgment about it. The verb assess has the general meaning of determining the importance or value of something. It also has a few specialized uses having to do with amounts of money, such as fines, fees, and taxes.

Detailed explanation-5: -to judge or determine the significance, worth, or quality of; assess: to evaluate the results of an experiment. Mathematics. to determine or calculate the numerical value of (a formula, function, relation, etc.).