Deductive reasoning starts from general principles and makes specific predictions or conclusions. It follows a logical structure, where if the premises are true, the conclusion must also be true. Conversely, inductive reasoning takes specific cases or observations and formulates broader generalizations or theories. Inductive reasoning, while less definitive than deductive reasoning, allows for flexibility and the development of new ideas. Both types are vital in various aspects of thinking, particularly in scientific inquiry and everyday decision-making.