Economics · Economic Growth and Technical Progress
Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R Assertion A: New capital accumulation is the vehicle of technical progress. Reason R: Technical progress is embodied in new machines. In light of the above statements, choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is false but R is true
- 2A 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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