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Question
Choose the correct statement.
Assertion: Germany and the United States were producing cheaper manufactured goods and capturing England’s markets.
Reason: Both the countries produced required raw material for their industries.
Options
Both A and R are correct
A is right but R is not the correct reason
Both A and R are wrong
R is right but A is wrong
Solution
A is right but R is not the correct reason
Explanation:
- A is correct. Germany and the US became industrial powers in the late 19th and early 20th centuries, competing with England in global markets with cheaper goods.
- R is not the correct reason for market capture success. Both countries produced certain raw materials, but their competitive advantage stemmed from industrial efficiency, technological innovations, and mass production.
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