Two statements are given, one is labelled as Assertion (A) and the other as Reason (R):
Assertion (A) A central feature of globalisation is the increasing extension and integration of markets around the world.
Reason (R). Changes in a market in one part of the globe may have a profound impact somewhere else far away.
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: Both Assertion (A) and Reason (R) are true and (R) is the correct explanation for (A).
Assertion: A central feature of globalisation is the increasing extension and integration of markets around the world. – Correct. Globalisation connects national economies by integrating markets for goods, services, capital, technology, and labour across countries.
Reason: Changes in a market in one part of the globe may have a profound impact somewhere else far away. – Correct. As markets become increasingly interconnected, economic changes in one country can quickly affect production, trade, prices, investment, and employment in other countries.
Reasoning explains Assertion? – Yes. The integration of markets means that economies become interdependent. Therefore, changes in one market can influence markets across the world, making the Reason the correct explanation of the Assertion