Question

Assertion (A): Absence of competition is a feature of capitalist economy.

Reason (R): Under capitalism, there is high degree of competition in the commodity as well as factor market.

विकल्प

• Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

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

• Assertion (A) is true but Reason (R) is false.

• Assertion (A) is false but Reason (R) is true.

Answer 1

Assertion (A) is false but Reason (R) is true.

Explanation:

Absence of competition is NOT a feature of capitalist economy; rather, capitalism is characterized by high competition in commodity and factor markets, promoting efficiency and innovation. Hence, while the reason is true, it does not support the false assertion.