Read the following statements - Assertion (A) and Reason (R):
Assertion: Goals of macroeconomic agents are different from those of individual decision-makers.
Reasoning: The government or statutory bodies like RBI and SEBI pursue public goals whereas individual economic agents focus on maximising their private profit.
From the given alternatives choose the correct one:

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

The correct answer is Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

Assertion: Goals of macroeconomic agents are different from those of individual decision-makers. This assertion is true. Macroeconomic agents such as governments, central banks like the RBI, and regulatory bodies like SEBI often pursue broader public goals such as price stability, full employment, and economic growth. In contrast, individual decision-makers, such as firms or households, typically focus on maximizing their own private goals, such as profit maximization or utility maximization.
Reasoning: The government or statutory bodies like RBI and SEBI pursue public goals whereas individual economic agents focus on maximising their private profit.This is also correct.

While Reason (R) accurately describes the different goals pursued by macroeconomic agents (such as government institutions like RBI and SEBI) and individual decision-makers, it doesn't directly explain why these goals diverge. Reason (R) simply highlights the differences in objectives without delving into the underlying reasons behind them. Thus, While Reason (R) correctly identifies the contrasting goals pursued by these two groups, it doesn't provide a deeper explanation for why these differences exist, such as the role of governance, the scope of influence, or societal considerations.