SAS 19 ECONOMICS INSTITUTIONS AND NON-STATE INSTITUTIONS

ECONOMICS

What science deals with the factors that determine the production, distribution, and consumption of goods and services?

ECONOMIC INSTITUTION

What type of entity deals with managing the distribution of money, goods, and services in an economy?

TRADITIONAL ECONOMY

In which type of economy are goods and services based on traditions and customs?

COMMAND ECONOMY

In which type of economy does the government control all economic activity?

MIXED ECONOMY

Which type of economy combines qualities of market and command systems?

MARKET ECONOMY

In which type of economy are resources owned and controlled by the people, and market trends determine production?

Reciprocity

What economic process entails the exchange of commodities between parties, often on an individual basis?

Transfers

What economic process involves the giving of resources from one individual or organization to another without expectation of return?

Redistribution

What economic process involves collecting and distributing resources proportionally or equally to participating members?

Market Transactions

What economic process involves the exchange of goods and services through buying and selling?

NON-STATE INSTITUTION

What type of organization affects the political and economic path of a society without belonging to any established institution of a state?

ALTRUISM

What behavior involves sacrificing one's own interests for the welfare of others?

Banks

What organizations hold money belonging to others, investing and lending it to get more money?

Corporations

What are associations of individuals, having a continuous existence independent of the existence of its members?

Cooperatives

What are jointly owned enterprises engaging in the production or distribution of goods or services, operated by its members for their mutual benefit?

Trade unions

What organizations are made up of members and aim to protect and advance the interests of workers in the workplace?

Transnational Advocacy

What groups promote causes, principled ideas, and norms, often related to human rights, consumers' rights, women's' rights, international peace, and environmental issues?

Developmental Agencies

What organizations concentrate on the growth, progression, and advancement of specific societal concerns, often related to infrastructure or social institutions?

International Organizations

What organizations provide support and assistance through organized frameworks to international cooperation, focusing mostly on the distribution of equitable health and social development?

Nongovernment Organizations (NGOs)

What organizations are non-profit, voluntary organizations that carry out social development functions based on the expressed needs of people rather than governments?

TRADITIONAL ECONOMY, COMMAND ECONOMY, MIXED ECONOMY, MARKET ECONOMY

What are the four types of economy? (Tr, Co, Mi, Ma)

Reciprocity, Transfers, Redistribution, Market Transactions

What are the four different economic processes? (Re, Tr, Red, MT)

Banks, Corporations, Cooperatives, Trade unions, Transnational Advocacy, Developmental Agencies

What are the six non-state institutions? (Ba, Cor, Coop, Tra Uni, Tra Adv, De Age)

International Organizations, Nongovernment Organizations (NGOs)

What are the two major types of organizations considered as development agencies? (IO, NGO)