The term BASIC IDEAS can be summarized as GISTS, which is an acronym for 'General Impression, Specifics, and Technicalities'. This term is used to describe the three components of a concept or idea. The General Impression is the overall feeling or impression that one gets from the concept, the Specifics are the details that make up the concept, and the Technicalities are the technical aspects of the concept. Together, these three components form the basis of any concept or idea.