1. Chapter 3 Section 3 pp 69-72 Other Organizations and Institutions

2. Non Profit Organizations Cooperative Associations Labor Unions
This section discusses the role of other types of organizations in the economic system:
Non Profit Organizations
Cooperative Associations
Consumer, Producer, Service
Labor Unions
Professional and Business Organizations
Government

3. NON PROFIT ORGANIZATION
Definition: work like business organizations to use resources wisely, but goal is not profit; goal is CHARITY or some other good deed
Examples:
US Marine Toys for Tots
Churches
Hospitals

4. CONSUMER COOPERATIVE
Definition: Voluntary group that buys goods in bulk on behalf of its members, to offer them for sale at lower prices
Examples:
Sam’s Club
Costco

5. SERVICE COOPERATIVE
Definition: Voluntary group that buys services in bulk on behalf of its members, to offer them for sale at lower prices
Examples:
Credit Union, like a bank (fewer fees for services, better loan interest rates)
Insurance Cooperatives

6. PRODUCER COOPERATIVE
Definition: Voluntary group that helps members sell its products; by joining with other producers, the co-op can better market their product
Examples:
Farming Coop – Ocean Spray
Sunkist Orange Juice

7. LABOR UNION
Definition: works for members’ interests on issues like wages, working hours, benefits, and any job related matter. Unions collectively bargain for labor contracts.
Examples:
Carpenters, Teachers, Nurses, Autoworkers, etc.

8. PROFESSIONAL & BUSINESS ORGANIZATIONS
Professional Associations – group of people in the same job who get together to discuss issues in their profession. Example: American Medical Association
Business Associations – group of people to promote the interests on the local, state or national business community. Example: Chamber of Commerce

9. GOVERNMENT
Direct Role: Some government agencies provide goods and services to people directly, like public schools, police and fire services, parks, libraries, etc.
Indirect Role: Sometime the government acts like a referee regulating the relationship between consumers and producers; other time the government funds programs like Social Security or veterans benefits. These are indirect influences in the economy.