2021 General Comprehension - Polity, Economy, Welfare State, Market vs. State

With reference to the above passage, the following assumptions have been made : 1. Modern democracies rely on the market forces to enable them to be welfare states. 2. Markets ensure sufficient economic growth necessary for democracies to be effective. 3. Government programmes are needed for those left behind in economic growth. Which of the above assumptions is/are valid?

• 1 and 3 only
• 3 only
• 2 and 3 only
• 1, 2 and 3