Question

Assertion (A): Government is the only producer in a socialist economy.

Reason (R): All means of produced are owned by the state.

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:

• Assertion: Government is the only producer in a socialist economy. This is true because in socialism, production is controlled by the government.
• Reason: All means of production are owned by the state. This is also true in a socialist economy where land, factories and resources are state-owned.
• The reason correctly explains the assertion because the government being the only producer directly results from state ownership of all means of production.

Thus, in a socialist economy, the government controls production since all productive resources are owned by the state, which aligns both the assertion and reason as true, with the reason explaining the assertion accurately.