ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.

Detailed explanation-2: -John Maxwell sums up the importance of decision-making like this: “Life is a matter of choices, and every choice you make makes you.” Your choices define your life. It is a stark statement, one that will horrify the indecisive and empower the strong. Every decision you make becomes you.

Detailed explanation-3: -Effective decision-making involves weighing options and choosing the best available option. When making decisions, it’s essential to understand the factors contributing to making a good choice. A rational decision is based on accurate information and an understanding of the situation at hand.

Detailed explanation-4: -Decision Making is Important for Building Relationships Of course, not all of us can predict behavior or a person’s availability, in good times and bad. But, a sense of awareness and mindfulness also sharpens one’s intuitive side and helps good sense prevail.