Basic Knowledge Helpful in Critical Reasoning

1. 100%

• all
• consensus
• unanimous
• complete
• total

2. Majority

• most
• many 
• much
• high degree
• 50%-99%
• always less than all

3. Minority

• little
• few
• less
• low
• 1%-49%
• always less than 50%

4. Some = atleast 1

• 1<=some<=all

5. Only

• Solely
• exclusively
• no other

BASICS CONCEPTS OF ECONOMICS(Sometimes used in GRE)

1. Long Term Goal of any Business - Profit
2. Profit consists of 2 parts:-

• Decrease in Cost
• Increase in Sales

3. Supply(Price, Variety, Innovation) is ------> Demand
4. In case of drought, say supply is less, demand is same , then cost will increase.
5. Production

• No. of hours 
• Productivity/ hours