Economics · Development Economics
Given below are two statements: Assertion (A): The Fei-Ranis theory of development emphasizes the importance of the agricultural sector for financing industrialization. Reason (R): The theory assumes that the agricultural sector can generate surplus labor and agricultural surplus, which can be transferred to the industrial sector to facilitate rapid industrialization. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is false, but (R) is true.
- 2(A) is true, but (R) is false.
- 3Both (A) and (R) are true, but (R) is not the correct explanation of (A).
- 4Both (A) and (R) are true, and (R) is the correct explanation of (A).✓
Correct answer
Both (A) and (R) are true, and (R) is the correct explanation of (A).
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