This is the second smallest independent state in the world after the Vatican and is almost entirely urban. Monte Carlo is not the capital of Monaco but a government district. The country is divided into four areas: Monaco-Ville the old city, the Condamine port quarter, Monte-Carlo business and recreation, and Fontvieille recreation and light industry. With no natural resources to exploit other than its location and climate, the principality has become a resort for tourists and a tax haven for businesses. Monaco is six times the size of the Vatican and the world's most densely populated independent country.