It is not an authority in the sense of it's writings being law. It may be regarded as a definitive "authority" in the sense of it's scholarship and elucidation of topics of law.In yet a third way, a...
In most countries, it will be the central banking agency, by whatever name it is known locally.In Britain, it is the Bank of EnglandIn Australia, it is the Reserve Bank of Australia
It is the most common basis for authority. Traditional authority is based on custom. Traditional authority is mostly found in trible groups. In these societies, customs dictate basic relationships....