The correct answer for the question that is being presented above is this one: "TRUE." <span>The most prominent form of a business organization is a sole proprietorship. The statement is true. Aside from the sole proprietorship, we also have the partnership, corporation, limited partnership, and limited liability company.</span>
In the early civilization there was an upper and lower class relationship between government and social classes. Early civilizations came in existence in Lower Mesopotamia in 3000 BCE followed by "Egyptian civilization" (3000 BCE) along the Nile, Harappan (Indus Valley) civilization in the Indus River Valley (in Asian continent and at present time India and Pakistan, 2500 BCE).
The Chinese civilization established with "yellow and Yangtze Rivers" in 2200 BCE. In the recent times archeologists are searching in Tamil Nadu (India), found some vassals and other things which may have a connection with Indus Valley civilization.
It is a socialist theory that defends state control over the economy, rather than the free market. In this type of model the economy is considered command economy or planned economy.
Planned Economics is a production system that disregards competition. In this type of model the state controls the country's means of production and foreign trade. It is a statist and extremely protectionist model that adopts heterodox economic policies, such as price and quantity controls. This type of economy is predominantly in communist countries such as North Korea.
A. True........................................................
