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Question
ASSERTION: The government may influence business operations through policymaking, taxation, and economic incentives.
REASONING: To foster a stable and fair business environment that benefits both the economy and society.
Options
A is true, and R is the correct explanation for A.
A is true, and R is not the correct explanation for A.
A is true, but R is false.
A is false, but R is true.
MCQ
Assertion and Reasoning
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Solution
A is true, and R is the correct explanation for A.
Explanation:
The government indeed shapes business through policymaking, taxation and economic incentives; these tools correct market failures, ensure competition, protect stakeholders, and create a stable, fair environment that supports economic growth and social welfare.
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