Other Organizations Chapter 3 Section 3 Objectives n
Other Organizations Chapter 3 Section 3
Objectives n n You will be able to describe nonprofit organizations You will be able to explain the direct or indirect role of government in our economy
Community & Civic Organizations n Nonprofit orgs - promote the collective interests of its members rather than seeking profits • Schools, churches, hospitals, etc. n **Hard to measure their value economically**
Cooperatives (Co-ops) n n Nonprofit voluntary association CONSUMER CO-OP - buy in bulk to keep prices lower SERVICE CO-OP – provides services like insurance, credit and baby sitting rather than goods PRODUCER CO-OP – helps members sell their products (mainly farmers)
Labor Unions n n An org. formed to represent interests in various employment matters Collective bargaining: neg. w / management • Better wages benefits
Professional Associations n n Group of people in a specialized occupation that work to improve conditions Examples: doctors, lawyers, bankers, teachers, police officers, firemen, etc
Business Associations n n Chamber of Commerce — promotes the welfare of its members & the community BBB—Better Business Bureau— provides general info about companies
Direct Role of Federal Government n n n Examples: FDIC (Federal Deposit Insurance Corporation) insures banks US Postal Service
Indirect Role of Government n Regulate public utilities: investor or municipal owned companies (water and electricity) • Without regulation, companies would have a monopoly and prices would ↑
Chapter Review Assignment Page 82 n Identifying Key Terms (read the directions) 1 -10 n Reviewing the Facts—just answers 1 -9 n Thinking Critically #2 n
- Slides: 10
