Given below are two statements, one labelled as Assertion (A) and other labelled as Reason (R). Select the correct answer:
Assertion (A) The system of democracy recognises the equality of all people and stands for the government of common people.
Reason (R) It is commonly believed that government is largely controlled and managed by 'power elite'.

A. Both A and R are true and R is the correct explanation of A

B. Both A and R are true, but R is not the correct explanation of A

C. A is true, but R is false

D. A is false, but R is true

Answer: Option B