Given below are two statements marked as Assertion (A) and Reason (R). Read these statements carefully and choose the correct answer from the options (A), (B), (C) and (D) given below :
Assertion (A) : All over the world, the old ‘welfare state’ is getting more importance.
Reason (R) : Due to globalisation, the state withdraws from many of its earlier welfare functions and the market has become the prime determinant of economic and social priorities.