Non-ProfitsNon-Profits

Chapter 8 Section 3Chapter 8 Section 3

Community & Civic OrganizationsCommunity & Civic Organizations

Nonprofit orgsNonprofit orgs - promote the - promote the collective interests of its members collective interests of its members rather than seeking profitsrather than seeking profits• Schools, churches, hospitals, etc.Schools, churches, hospitals, etc.

Hard to measure their value Hard to measure their value economically (can’t put a price on it)economically (can’t put a price on it)

Cooperatives (Co-ops)Cooperatives (Co-ops)

CONSUMER CO-OPCONSUMER CO-OP - buy in bulk to - buy in bulk to keep prices lowerkeep prices lower

SERVICE CO-OPSERVICE CO-OP – provides services – provides services like insurance, credit and baby sitting like insurance, credit and baby sitting rather than goodsrather than goods

PRODUCER CO-OPPRODUCER CO-OP – helps members – helps members sell their products (mainly farmers)sell their products (mainly farmers)

Labor UnionsLabor Unions

An org. formed to represent interests An org. formed to represent interests in various employment mattersin various employment matters

Collective bargainingCollective bargaining: neg. w / : neg. w / management management • Better wagesBetter wages• Better benefits Better benefits

Professional AssociationsProfessional Associations

Group of people in a specialized Group of people in a specialized occupation that work to improve occupation that work to improve conditionsconditions

Examples: doctors, lawyers, Examples: doctors, lawyers, bankers, teachers, police officers, bankers, teachers, police officers, firemen, etcfiremen, etc

Business AssociationsBusiness Associations

Chamber of CommerceChamber of Commerce — promotes — promotes the welfare of its members & the the welfare of its members & the communitycommunity

BBBBBB—Better Business Bureau——Better Business Bureau—provides general info about provides general info about companiescompanies

Direct Role of Federal Direct Role of Federal GovernmentGovernment

Examples:Examples: FDIC FDIC (Federal Deposit Insurance (Federal Deposit Insurance

Corporation) Corporation) insures banksinsures banks US Postal ServiceUS Postal Service

Indirect Role of GovernmentIndirect Role of Government

Regulate Regulate public utilitiespublic utilities: investor or : investor or municipal owned companies (water municipal owned companies (water and electricity)and electricity)• Without regulation, companies would Without regulation, companies would

have a monopoly and prices would have a monopoly and prices would ↑↑

Chapter Review AssignmentChapter Review Assignment

You are going to help write You are going to help write review questions.review questions.

You need to write 1 multiple You need to write 1 multiple choice question and 1 choice question and 1 true/false question per true/false question per section. (6 questions total)section. (6 questions total)

Yes, it counts as a grade.Yes, it counts as a grade.