In: Economics
Describe the differences among inert information, assumptions, and inferences. Describe an assumption that you have made in the past that had important consequences.
Why are concepts, theories, and ideas central to good critical reasoning?
ANS
The information is the fact or maybe a set of multiple facts or an assumption or the set of multiple assumption or the mixture of asssmption and facts about a situation, person or event etc. It is basically a news or knowledge received or given the example can be the information how a friends birthday party went yesterday .The inference is a conclusion which is reached on the basis of evidence and reasoning .This conclusion has the base with concrete value points and it is based on the logical approach .It is a piece of information which is logically deducted on the bais of facts .The assumption is an unstated hidden premise which means that the assumption myst be true for the conclusion to be held as true and the other thing about assumption is that it is hidden which means that it is not supported by any of the logical facts or general logical reasoning.
In our daily lives we make a number of assumptions related to the people or the events .The most common assumption is bound by a certain stereotype that is that people belonging to a certain race wont be friendly to other races and this leads to the creation of tension between the two races and therefore dire consequences occurr but this assumptuon is ytotaaly untrue and should be avoided.
Concepts , theories and ideas are good for critical thinking as concept is an abstract to the idea , theories are the basis or the past work on the related concept and ideas are formed when we come accross a concept and also with theories related to it. So all these things helps a person to develop the critical thinking in the society and when the critical thinking develops then there are 0 or npo chances of getting misunderstandings and this is really healthy for a person, for a relation and for the society too.