Read the following statement given below and choose the correct alternative Assertion A Economic pla...........

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Read the following statement given below and choose the correct alternative

Assertion ( A)- Economic planning means coordination and utilisation of available resources in an economy

Reason ( R)- Economic planning is undertaken by the private sector in an economy

Both assertion and reason are true. Reason is the correct explanation of assertion

Both assertion and reason are true. Reason is not the correct explanation of assertion

Assertion is true but reason is not

Reason is true but assertion is not

Explanation:

- Assertion (A): This statement is true. Economic planning involves coordinating and utilizing resources in an economy to achieve specific outcomes and goals.

- Reason (R): This statement is not true. Economic planning is generally undertaken by the government or public sector, not the private sector. The private sector focuses on individual business goals rather than the economy as a whole.

- Option 1: Both statements are not true, and R is not the explanation for A.

- Option 2: Both statements are not true, hence this option is invalid.

- Option 3: Assertion is true, but the reason is not.

- Option 4: Only R is suggested to be true, but that's incorrect.