Explanation:

The ease of doing business index is prepared by World Bank Group. The index ranks economies from 1 to 189, with first place being the best. A high ranking means that the regulatory environment is conducive to business operation. On what basis are the ease of doing business ranks calculated? A nation's ranking on the index is based on the average of 10 subindices: Starting a business – Procedures, time, cost and minimum capital to open a new business.