The privatization of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as?

A. deductive reasoning
B. positive reasoning
C. normative reasoning
D. inductive reasoning

Correct Answer:

Option D – inductive reasoning

Explanation

Inductive reasoning is a type of logical thinking that involves forming generalizations based on specific incidents you’ve experienced, observations you’ve made, or facts you know to be true or false.