Practicing Success
Read the following statements - Assertion (A) and Reason (R): |
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. |
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). |
In a market economy, the forces of the demand and supply operate freely. They tend to solve the problem of "What to produce" and "how much to produce" by providing price signals on the basis of which the producers decide what commodities to be produced and in what quantities. |