Question

Assertion (A): In a socialist economy only those goods are produced which are in great demand.

Reason (R): Under socialism, social welfare is the chief motivating force behind all economic activities.

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:

In a socialist economy, production is planned based on social welfare and use rather than just market demand; hence, not only goods in great demand are produced. However, social welfare is indeed the chief motivating force behind all economic activities under socialism.