Agenda 1. Warm-Up 2. Other Organizations

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Presentation transcript:

Agenda 1. Warm-Up 2. Other Organizations 3. Banks vs. Credit Unions News Clips 4. Banks vs. Credit Unions Article, Questions, Paragraph

Warm-Up 1. Determine why it is smart for a business to reinvest some of it’s profits. 2. Why does the government look more critically at, and decline more horizontal mergers then vertical mergers?

Other Organizations

Community and Civic Organizations Most non-profits legally incorporated to have unlimited life & limited liability Use profits to further work of organization No not issue stock, pay dividends or pay income taxes

Cooperatives Voluntary association formed to carry on econ activity that will benefit members Consumer: buy in bulk, members volunteer time Service: instead of goods offers service (credit unions) Producer: helps members (farmers) sell product directly to companies

Professional Associations Work to imporve conditions, skill level, public perception AMA influences licensing/training of doctors Seek to influence gov’t policy on issues of importance

Business Associations C.O.C. promotes local businesses & community Trade associations interested in shaping gov’t policy regarding their trade B.B.B. offers info., inquires, & complaints of businesses

Government Direct Role Indirect Role Produce/distribute goods DWP TVA FDIC U.S. Postal Service Federal agencies organized liked businesses Regulates public utilities Most people like gov’t regulation of utilities Grants money to people Unemployment Ins. Social Security Veterans Benefits College Aid Gives a economic “vote” to more people