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Both types of reasoning are routinely employed. One difference between them is that in deductive reasoning, the evidence provided must be a set about which everything is known before the conclusion can be drawn. Since it is difficult to know everything before drawing a conclusion, deductive reasoning has limited use in the real world. This is where inductive reasoning steps in. Given a set of evidence, however incomplete the knowledge is, the conclusion is likely to follow, but one gives up the guarantee that the conclusion follows. However it does provide the ability to learn new things that are not obvious from the evidence.
Many incorrectly teach that deductive reasoning goes from the general to the specific and that inductive reasoning travels in the opposite direction.
types of reasoning
Zarefsky, David, Argumentation: The Study of Effective Reasoning Parts I and II, The Teaching Company 2002