Assertion (A) :Economic System refers to the manner in which individuals and institutions are connected together to carry out economic activities in a particular area.
Reason (R) :It is the methodology of doing economic activities to meet the needs of the society.
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not the correct explanation of A.
A is true but R is false.
A is false but R is true.
