Read the following statements - Assertion (A) and Reason (R):
Assertion: Spending on education by individuals is similar to spending on capital goods by companies.
Reasoning: Just like companies invest in capital goods with the objective of increasing future profits, individuals invest in education with the objective of increasing their future income.
From the given alternatives choose the correct one:
Answer & explanation
Correct answer: option 1
Spending on education by individuals is similar to spending on capital goods by companies with the objective of increasing future profits over a period of time. Likewise, individuals invest in education with the objective of increasing their future income.