Management Groups
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The organizing structure for resources in Azure has four levels: management groups, subscriptions, resource groups, and resources.
Management groups: Containers that help you manage access, policy, and compliance for multiple subscriptions. All subscriptions in a management group automatically inherit the conditions applied to the management group. A management group tree can support up to six levels of depth.
Subscriptions: Groups together user accounts and the resources that have been created by those user accounts. For each subscription, there are limits or quotas on the amount of resources you can create and use. Organizations can use subscriptions to manage costs and the resources that are created by users, teams, or projects.
Resource groups: Logical container into which Azure resources like web apps, databases, and storage accounts are deployed and managed.
Resources: Instances of services that you create, like virtual machines, storage, or SQL databases.