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Assertion (A): Production for self-consumption is not accounted for in the national income. Reasoning (R): The products kept for self consumption do not enter the market. - Economics

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Question

Assertion (A): Production for self-consumption is not accounted for in the national income.

Reasoning (R): The products kept for self consumption do not enter the market.

Options

  • (A) is true, but (R) is false.

  • (A) is false, but (R) is true.

  • Both (A) and (R) are True and (R) is the correct explanation of (A).

  • Both (A) and (R) are True and (R) is not the correct explanation of (A).

MCQ

Solution

Both (A) and (R) are True and (R) is the correct explanation of (A).

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