1. Non-Profits Chapter 8 Section 3

2. Objectives You will be able to describe nonprofit organizations You will be able to describe nonprofit organizations You will be able to explain the direct or indirect role of government in our economy You will be able to explain the direct or indirect role of government in our economy

3. Community & Civic Organizations Nonprofit orgs - promote the collective interests of its members rather than seeking profits Nonprofit orgs - promote the collective interests of its members rather than seeking profits Schools, churches, hospitals, etc.Schools, churches, hospitals, etc. Hard to measure their value economically (can’t put a price on it) Hard to measure their value economically (can’t put a price on it)

4. Cooperatives (Co-ops) CONSUMER CO-OP - buy in bulk to keep prices lower CONSUMER CO-OP - buy in bulk to keep prices lower SERVICE CO-OP – provides services like insurance, credit and baby sitting rather than goods SERVICE CO-OP – provides services like insurance, credit and baby sitting rather than goods PRODUCER CO-OP – helps members sell their products (mainly farmers) PRODUCER CO-OP – helps members sell their products (mainly farmers)

5. Labor Unions An org. formed to represent interests in various employment matters An org. formed to represent interests in various employment matters Collective bargaining: neg. w / management Collective bargaining: neg. w / management Better wagesBetter wages Better benefitsBetter benefits

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

7. Business Associations Chamber of Commerce — promotes the welfare of its members & the community Chamber of Commerce — promotes the welfare of its members & the community BBB—Better Business Bureau— provides general info about companies BBB—Better Business Bureau— provides general info about companies

8. Direct Role of Federal Government Examples: Examples: FDIC (Federal Deposit Insurance Corporation) insures banks FDIC (Federal Deposit Insurance Corporation) insures banks US Postal Service US Postal Service

9. Indirect Role of Government Regulate public utilities: investor or municipal owned companies (water and electricity) Regulate public utilities: investor or municipal owned companies (water and electricity) Without regulation, companies would have a monopoly and prices would ↑Without regulation, companies would have a monopoly and prices would ↑

10. Chapter Review Assignment You are going to help write review questions. You are going to help write review questions. You need to write 1 multiple choice question and 1 true/false question per section. (6 questions total) You need to write 1 multiple choice question and 1 true/false question per section. (6 questions total) Yes, it counts as a grade. Yes, it counts as a grade.