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Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R).
Assertion (A) : Development is being defined as improving living standards and welfare.
Reason (R) : Growth in per capita income is not a sufficient measure of development.
Select the correct answer from the codes given below :
Explanation
Assertion (A) is correct because modern economic theory distinguishes economic development from mere economic growth. Development is a multi-dimensional process involving major changes in social structures, popular attitudes, and national institutions, as well as the acceleration of economic growth and the reduction of inequality. Reason (R) is also correct because growth in per capita income is a quantitative measure that fails to account for the distribution of income, access to healthcare, education, and general well-being. Because per capita income is an insufficient metric to capture the true progress of a society, the definition of development has evolved to focus on improving living standards and welfare. Therefore, (R) is the logical justification for the definition stated in (A).
SIMILAR QUESTIONS
Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R).
Assertion (A) : Sustainable development should take place without damaging the environment and development in the present time should not compromise with the needs of the future generations.
Reason (R) : Agenda 21 was signed by world leaders in 1995.
Select the correct answer from the code given below :
Code :
Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R).
Assertion (A) : India's success is critical for the global success of Sustainable Development Goals.
Reason (R) : India accounts for nearly one-sixth of the total world population.
Select the correct answer from the code given below :
Code :
Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R).
Assertion (A) : Poverty line differs across time and countries.
Reason (R) : The basic needs of people vary across regions and overtime.
Select the correct answer from the code given below :
Code :