* CTE(ECN) 3.0 students will analyze the role of business in a free enterprise system. * 3.1 connect concepts as they apply to the role of business in a free enterprise system. * 3.2 analyze types of business organizations * 3.4 analyze effects of competition and monopoly on a free enterprise system * 3.8 explain the phenomena in terms of the law of supply and demand * 3.9 formulate and analyze knowledge/understanding of elasticity of demand

* Identify the different types of cooperative organizations. * Understand the purpose of nonprofit organizations, including professional and business organizations.

* Cooperative: a business organization owned and operated by a group of individuals for their shared benefit. * Consumer cooperative: sell merchandise to their members at reduced prices. * Service cooperative: cooperative that provides a service, rather than goods. * Producer cooperatives: agricultural marketing cooperatives that help members sell their products. * Nonprofit organizations: some institutions function much like business organizations, but do not operate for the purpose of generating profit. * Professional organization: a nonprofit organization that works to improve the image, working conditions, and skill levels of people in particular occupations. * Business associations: a group organized to promote the collective business interest of an area or group of similar businesses. * Trade association: nonprofit organizations that promote the interest of particular industries. * Free enterprise: an economic system characterized by private or corporate ownership of capital goods. * Elasticity: (demand) a measure of how consumers respond to price changes. (supply) a measure of the way quantity supplied reacts to a changes in price.

* Advantages: tax exempt, cannot issue stocks, and come from income tax. * Disadvantages: limits in political activities and unethical decisions.

* Work to benefit the public. * No profit. * Provide support to particular occupations/ geographical areas.

* Products and services: protecting bounty of the oceans, protecting vulnerable marine ecosystems, rebalance water use, and launching solutions that help retailers and food companies avoid the business risks of unsustainable farming practices.

* Supply and demand of market: The idea behind the market is simple: AB 32 caps greenhouse gases emitted by the state’s largest polluters (some 590 facilities), and then lowers that cap every year, creating a market for innovations that will help companies reduce emissions at lowest cost.

* Competition within or around: GreenPeace is a competitor to environmental defense. They have very similar goals and both take donations to help pay for projects to help the environment. Greenpeace sells more bumper stickers and merchandise than Environmental Defense.