Statement. The X passenger car manufacturing company announced a sharp reduction in the prices of their luxury cars. Assumptions I. There may be an increase in the sale of their luxury cars. II. The other such car manufacturers may also reduce their prices.

Argument - an argument is a series of statements used to present reasons for accepting a conclusion.  Example Statement: The ground was slippery -  it must have been raining. This statement consists of three parts discussed below. Premise or preposition: The ground was slippery. Premise is the basis or supporting statement on which we make further statements/ conclusions. There can be more than one premises in an argument. Assumption: The ground become slippery only when it rains. Assumption is a Hidden premise -  a missing link in the chain of argument. Conclusion: it must have been raining.... Show more

Argument - an argument is a series of statements used to present reasons for accepting a conclusion.  Example Statement: The ground was slippery -  it must have been raining. This statement consists of three parts discussed below. Premise or preposition: The ground was slippery. Premise is the basis or supporting statement on which we make further statements/ conclusions. There can be more than one premises in an argument. Assumption: The ground become slippery only when it rains. Assumption is a Hidden premise -  a missing link in the chain of argument. Conclusion: it must have been raining. Understanding Assumption (concept): Assumption provides an hidden basis/support to the whole structure of an argument.(imagine like base of a building). If we remove this basis/support whole argument would baseless/illogical.

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