The lesson closes by saying the various factors do not exist in isolation and identifying the most basic considerations from which the others flow. Which pair of factors does the conclusion treat as the most basic?

1. The conclusion of the lesson notes that all 16 factors are interdependent. 2. It then singles out two as the most basic ones. 3. These are the nature of business and the scale of operations. 4. The conclusion says all other factors flow from these two basic considerations. 5. Tax, secrecy, stability and independence are downstream of these foundational two. _Source: ICSI CS Executive Paper 3 (Setting up of Business Entities and Closure) — Lesson 1: Choice of Business Organisation, pp. 2-11._