Other Organizations Chapter 3 Section 3.

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Other Organizations Chapter 3 Section 3

Objectives 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 Nonprofit orgs - promote the collective interests of its members rather than seeking profits Schools, churches, hospitals, etc. **Hard to measure their value economically**

Cooperatives (Co-ops) 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 An org. formed to represent interests in various employment matters Collective bargaining: neg. w / management Better wages Better benefits

Professional Associations Group of people in a specialized occupation that work to improve conditions Examples: doctors, lawyers, bankers, teachers, police officers, firemen, etc

Business Associations 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 Examples: FDIC (Federal Deposit Insurance Corporation) insures banks US Postal Service

Indirect Role of Government 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 Identifying Key Terms (read the directions) 1-10 Reviewing the Facts—just answers 1-9 Thinking Critically #2

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