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 :

A

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

B

(A) is false, but (R) is true.

C

Both (A) and (R) are true, but (R) is not the correct explanation of (A).

D

(A) is true, but (R) is false.

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).

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