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Which of the following countries had the lowest level of output per capita in 1950?
Business Entities
Organizations established as separate legal entities for the purpose of conducting business, such as corporations, partnerships, and sole proprietorships.
Sole Proprietorship
A business structure where the business is owned and operated by a single individual, who bears unlimited liability.
Corporation
A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders.
Capital Account Balance
The amount of money in a company's or individual's capital account, indicating the net investment in the entity at a specific point in time.
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