Whois & Analysis for doingbusiness.org

To have legal personality means to be capable of holding legal rights and obligations within a certain legal system, such as entering into contracts, suing, and being sued.

Legal personality is a prerequisite to legal capacity, the ability of any legal person to amend (enter into, transfer, etc) rights and obligations.

In international law, consequently, legal personality is a prerequisite for an international organization to be able to sign international treaties in its own name.

An economy (From Greek οίκος – "household" and νęμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents in a given geographical location.

Understood in its broadest sense, 'The economy is defined as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of resources'.

Economic agents can be individuals, businesses, organizations, or governments.

Economic transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency.

Monetary transactions only account for a small part of the economic domain.

Local government is a form of public administration which, in a majority of contexts, exists as the lowest tier of administration within a given state.

The term is used to contrast with offices at state level, which are referred to as the central government, national government, or (where appropriate) federal government and also to supranational government which deals with governing institutions between states.

Local governments generally act within powers delegated to them by legislation or directives of the higher level of government.

In federal states, local government generally comprises the third (or sometimes fourth) tier of government, whereas in unitary states, local government usually occupies the second or third tier of government, often with greater powers than higher-level administrative divisions.

Regulation is an abstract concept of management of complex systems according to a set of rules and trends.

In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context.

For example:

An administrative division, unit, entity, area or region, also referred to as a subnational entity, constituent unit, or country subdivision, is a portion of a country or other region delineated for the purpose of administration.

Administrative divisions are granted a certain degree of autonomy and are usually required to manage themselves through their own local governments.

Countries are divided up into these smaller units to make managing their land and the affairs of their people easier.

For example, a country may be divided into provinces, which, in turn, are divided into counties, which, in turn, may be divided in whole or in part into municipalities; and so on.