Given below are two statements: One is labelled as Assertion (A) and the other as Reason (R): Assertion (A): Ranis and Fei (1961) argued that agricultural productivity must grow in tandem with industrial expansion. Reason (R): If food production stagnates while industrial employment rises, food prices will increase, eroding real wages of industrial workers and potentially stalling the transformation process. In light of the above statements, choose the most appropriate answer:

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Economics · Development Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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

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