1. Other Business Organizations
Identify different business organizations in our economy
Understand purpose of different business organizations in our economy

2. Nonprofit Organizations
Operates to promote interests rather than make profit
Ex: Schools, Churches, Welfare groups, Adoption agencies

3. Cooperatives
Voluntary association of people formed to carry of economic activity benefiting its members
Classes: Consumer
Service
Producer

4. Cooperatives How does a cooperative work?
People pay a membership fee to help support the cooperative, which provides them with goods and services they need at a good price.

5. Cooperatives
Create a three-column chart defining the three types of cooperatives and providing several examples of each.
describe how and why cooperatives help the people who belong to them.
include reasons people are willing to pay that fee

6. Why are cooperatives, such as health food cooperatives or credit unions, beneficial to people who live near them and are members?
because they understand local needs and problems, are more responsive to the issues facing local residents, and look out for members’ interests.

7. Consumer Cooperative
Buys bulk amounts if goods on behalf of its members
Low costs for members due to hard work and volunteerism

8. Service Cooperative
Provides insurance, credit and babysitting to members
Ex: Credit Union

9. Producer Cooperatives
Helps members promote or sell products
Ex: Ocean Spray (Help farmers)

10. Labor, Professional, and Business Organizations
Labor unions are nonprofit organizations that represent member interests in various employment matters.
Professional associations consist of people in a specialized occupation who are interested in improving working conditions, skills, and public perceptions of the profession.
Business associations are formed to promote the collective interests of the businesses.

11. Labor Unions
Organization of workers formed to represent member’s interests of employment matters
Issues include pay, working hours, health benefits

13. Textile workers
Based on the photograph, what type of work did these women do? Why do you think owners of factories such as this one paid their workers by the piece, rather than by the hour? How would this type of payment affect workers?
before unions, owners could dictate any conditions they wanted for their workers. Child labor, long hours, and often unsafe working conditions were the norm. Many factory owners posted this sign at their factories: “If you don’t come in Sunday, don’t come in Monday.”

14. Professional Associations
Group of specialized occupation that works to improve condition and skills of employment
EX: MEA (Michigan Education Association)
AMA (American Medical Association)

15. Professional Associations
How do professional associations help their members?
Professional associations help their members by providing training, education, licensing, standards, networking, referrals, and other services such as insurance and lobbying for its members’ interests.

16. Government
Local, state, and national governments function as nonprofit organizations.
Government can play a direct or indirect role in the economy.
Agencies that produce and distribute goods and services play a direct role.
Indirect government actions include antitrust laws, college scholarships, and Social Security payments.

17. DO YOU KNOW??
Names of business organizations in our economy???