Non-state institutions Flashcards
- Entities which play significant roles in the economic
and, social, cultural and political welfare of nations, and
as such, they have substantial power to influence and
cause changes even if they do not belong to any
established institutions of a state.
non sate institutions
Business that provides financial services to consumers and other
businesses such as keeping money for the individual people or
companies, exchanging currencies, and making loans.
banks
May include institutions such as: finance companies, investment
banks, insurance companies, pension funds, security brokers and
dealers, mortgage companies, real estate investment trusts.
banks
Four Basic Services that Banks offer
Checking accounts, which can be utilized, like money,
for producing goods and services and making
payments;
2. Saving accounts and time deposits, which can be used
to keep and store money for the future use;
3. Loans which clients (individual consumers and
businesses) can use to buy goods, and services; and
4. Basic cash management services, such as foreign
currency exchange and check cashing.
Types of Banks
- Commercial Banks
- Savings and Loan association (SLAs)
- Savings Banks
- Credit Unions
Roles of Banks in the Economy
Banks play a key role in the purchasing of goods and
services by providing people with the basic mediums-of-
exchange such as checking accounts, credit cards, and cash.
- A medium for wise utilization of money through different
facilitation of it. - Provide the clients aid to improve their standard of living by
borrowing amounts to acquire cars, houses, and other
properties - Monitor the performance and of companies
Denotes a group of people for a purpose under a
common name. A company recognized by law as a
single body with its own powers and liabilities, separate
from those of the individual members.
corporation
has certain privileges such as the right to
enter into contracts, buy and sell properties, borrow
and lend money, and sue (and be sued.)
corporation
Created by the state to perform
governmental functions such as enforcing laws, collecting
taxes, and raising funds. Or carrying out specific projects that
may be too risky, too big, or unbeneficial for private entities.
public corporations
Non-governmental agencies, which
are considered as non-state institutions. Some of
corporations are owned by individuals or small group of
individuals which stocks sometimes unavailable to the public.
private corporations
referred as “joint-stock
companies”
corporations
– Autonomous association of people who voluntarily
cooperate for their mutual social, economic and cultural benefits.
cooperatives
It is characterized by the absence of the profit motive, and
involving, as its primary function, the distribution of goods and
services.
cooperatives
Association of workers that seek to improve the
economic and social well-being of its members through action
group. It is also called “Labor Unions”
trade unions
Is a caused-oriented organization that operates in more than one
nation.
Transnational Advocacy Group
