| A | B |
|---|
| non-profit | an economic organization that operates like a business but does not seek financial gain (ie. American Red Cross) |
| community organizations | schools, churches, hospitals, welfare groups, adoption agencies |
| Cooperatives- co-ops | nonprofit association performing some kind of economic activity for the benefit of its members |
| consumer cooperative | a voluntary association that buys BULK amounts of goods like food and clothing on behalf of its members |
| service cooperative | provides services like insurance, credit, child care to its members rather than goods |
| credit union | - a financial organization that accepts DEPOSITS from and makes LOANS to employees of a particular company or gov’t agency |
| labor union | an organization of workers for to represent its members’ interests |
| collective bargaining | negotiations between UNION and COMPANY reps over PAY, working hours, HEALTH care coverage, vacations, and Other job-related matters |
| NEA | union...National Education Association |
| AFL-CIO | American Federation of Labor-Congress of Industrial Organizations) is LARGEST labor union in USA. |
| AMA | professional association...American Medical Association |
| ABA | professional association...American Bar Association |
| Chamber of Commerce | an organization that promotes the welfare of its member businesses |
| Better Business Associations | a nonprofit organization providing information on local companies to consumers |
| Direct Role of Gov't | gov’t supplies a good or service that competes with private businesses…. Ie. TVA (Tennessee Valley Authority) |
| Indirect Role of Gov't | when it acts as umpire to help the market economy operate smoothly and efficiently |
| public utilities | company providing essential services like water, sewerage, and electricity to public |
