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== In law, politics, economics, accounting == {{Main article|Legal person|Polity}} In [[law]], a legal entity is an entity that is capable of bearing legal [[rights]] and [[obligation]]s, such as a [[natural person]] or an [[Legal person|artificial person]] (e.g. business entity or a corporate entity). In [[politics]], ''entity'' is used as term for territorial divisions of some countries (e.g. [[Political divisions of Bosnia and Herzegovina|Bosnia and Herzegovina]]). In [[economics]], ''[[economic entity]]'' is one of the assumptions made in [[generally accepted accounting principles]]. Almost any type of organization or unit in society can be an economic entity. In [[Accounting network|accounting]], the ''[[entity concept]]'' is the concept that a business or an organization and its owners are treated as two separate parties.
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