Question

Assertion (A): Economic development comes after economic growth.

Reason (R): Economic development = Economic growth + improvement in standard of living.

Options

• 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

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

Explanation:

Economic development follows economic growth because it is defined as economic growth plus improvement in the standard of living. Economic growth is an increase in output or income, while economic development includes qualitative improvements like better living standards and reduced inequalities. Hence, development comes after growth and includes growth plus social progress.