Assertion: The developed economies are retreating
from mining, processing and refining stages of
production. Reasoning: Labour cost is very high in developed countries. |
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A. Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A. Assertion (A) is true but Reasoning (R) is not correct. Assertion (A) is not true but Reasoning (R) is correct. |
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A. |
The developed economies are retreating from mining, processing and refining stages of production due to high labour costs, while the developing countries with large labour force and striving for higher standard of living are becoming more important. |