Question

▪︎Assertion (A) Business is an institution organized and operated to provide goods and services under the incentives of private gain.
▪︎Reason ( R) Because society run through business only.

a) Assertion is correct but reason is wrong.
b) Assertion is wrong but reason is correct.
c) Both assertion and reason both are correct.
d) Assertion is correct but reason is not correct explanation of assertion.​

Answer 1

Answer:

Both the assertion and reason, are true. And, the reason is the true cause behind the assertion.

The modern human society is consumer centric society and that's why the necessity of several goods, services are always observed. For this reason, the statement of the given assertion is completely true.

From the definition of the private sectors, we get that the private sectors are business organisations owned by individuals. And, profit is the main aim of any business. That's why, the statement mentioned in the given reason, is also true.

Now, there are different types of necessary goods and services which cannot produce efficient amount of profits to the business industries. That's why, these low profitable or even non-profitable goods and services are ignored by the private sectors.

So, the relationship between the assertion and reason, is also true.