Practicing Success
Read the following statements - Assertion (A) and Reason (R)carefully and choose the correct alternative given below: |
Both Assertion (A) and Reason (R ) are true and Reason(R) is the correct explanation of Assertion (A) Both Assertion (A) and Reason (R ) are true and Reason(R) is not the correct explanation of Assertion (A) Assertion (A) is true but Reason (R ) is false Assertion (A) is false but Reason (R ) is true |
Assertion (A) is true but Reason (R ) is false |
Most economies are mixed economies, i.e. the government and the market together answer the three questions of what to produce, how to produce and how to distribute what is produced. In a mixed economy, the market will provide whatever goods and services it can produce well, and the government will provide essential goods and services which the market fails to do. |