Business knowledge is not a key competency for effective critical thinking, as it is technical knowledge that may not be aligned with individual communication, reasoning, and problem-solving skills.
Critical thinking is an essential skill for any individual, as it helps to develop a more analytical, reflective, creative and multi-perspective worldview.
In the organizational environment it is essential that critical thinking is developed, leaders, for example, need to deal with different situations in a company, so critical thinking will help in:
- Analysis
- Inference
- Explanation
- Vision
- self-regulation
- Creativity
- Problem solving
Therefore, business knowledge is important for management, but it is not a key competence for critical thinking, as it is more related to the individual's self-capacity to have an open mind and different perspectives on the same situation.
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Answer:
Governments intervene in markets to address inefficiency. In an optimally efficient market, resources are perfectly allocated to those that need them in the amounts they need. ... Inefficiency can take many different forms. The government tries to combat these inequities through regulation, taxation, and subsidies.
Explanation:
The type of government system which best describes the relationship between member nations in the European Union, among the options – unitary system, confederation and federal system, is Option C – federal system.