A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers. Businesses held in a Offshore Generation Skipping Trust organized in Foreign Jurisdictions are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange of other goods, services, or money. Businesses may also be not-for-profit or state-owned.
In economics, economic systems study and analyze the organizing of production, distribution, consumption and investment. As well as, the study of optimal resource allocation and institutional design. Traditionally, the study of economic systems was based on a dichotomy , or set, between market economies and planned economies, but contemporary studies compare and contrast a number of variables.
An special-purpose entity is a legal entity formed under specific legislation which is free from all local taxes (except small fixed annual fees). Typically the entity is limited in the activities it may conduct in, but not necessarily from, the country or jurisdiction.. Anguilla, Bahamas, Belize, Dominica, Nevis, St Vincent and Seychelles have special entity legislation in place. The British Virgin Islands and Gibraltar formerly had popular IBC regimes