Two statements are given, one is labelled as Assertion (A) and the other as Reason (R): Assertion (A) Series of individual exchanges and transactions create a functioning ordered system. Reason (R) Individuals engaged in exchanges and transaction do not intend to create a system.

Both (A) and (R) are true and (R) is the correct explanation for (A) Both (A) and (R) are true and (R) is not the correct explanation for (A) (A) is true , but (R) is false (A) is false but (R) is true

Both (A) and (R) are true and (R) is not the correct explanation for (A)

Smith argued that the market economy is made up of a series of individual exchanges or transactions, which automatically create a functioning and ordered system. This happens even though none of the individuals involved in the millions of transactions had intended to create a system.