“MARKET AND ECONOMIC

ORGANIZATION”

Michael Frances P. Rocha, LPT

Discussant
MARKET AND ECONOMIC ORGANIZATION

Include the corporate environmental users, such as corporations use the

resource for profit, and not for subsistence. Also included in this category are
financial institutions such as banks, both local and foreign or transactional, which
provide funds and finance the implementation of policy through development
projects and programs by the government as well as the private sector

A Bank is a financial institution that lens money both to public as well as

private organization.
“Types Of Banks”
 SAVINGS BANK

These bank are suited for

employees with a monthly salary.
Low waged people may open an
account in the savings bank.
 COMMERCIAL BANK

These banks collect money from

people in various sectors and give the
same as a loan to business men and
make profit in interests these men pay.
 INDUSTRIAL DEVELOPMENT BANK

These banks are committed

toward enhancing the growth of
industries by providing loans for a
very long period of time.
 LAND DEVELOPMENT BANK

These banks promote growth in

the food sector by giving loans to
farmers at the relatively lower
interest rate .
 INDIGINEOUS BANK

These banks specialize in

providing mortgage loans alone. In
order to sell loans they depend
solely on the secondary market.
 SPARE BANK

These banks are present in

Norway. They promote both savings
and commercial facilities to both
people and organizations in Norway.
 FEDERAL OR NATIONAL BANK

These banks control the

principles and policies of other
banks across the country.
 COOPERATIVE BANKS

These banks as the name suggests

gets money from the general community
without any bias and provide loans to all
sections of people in the neighborhood.
 EXCHANGE BANKS

These banks will be available in more

than a single country. They provide
services for the buying and selling of
gold and silver ; transactions will be in
foreign currencies.
 CONSUMER’S BANK

These are consumer-friendly

banks; they encourage the consumer
in buying commercial products and
provide options for easy repay of the
loan amount.
 COMMUNITY DEVELOPMENT BANK

These banks provide services to

the community where there has
been nothing or very little
development over the years.
 CREDIT UNIONS

They act just like a cooperative

bank except they provide services
to only one employee union in the
community.
 POSTAL SAVINGS BANKS

These banks oriented with postal

services. People save money for a
defined period of time and are paid
with standard interest rates.
 PRIVATE BANKS

These banks are not for the

general public or community .
 OFFSHORE BANKS

They are also private banks except

that they have little tax for their
transactions; there is very little
regulation for this bank.
 ETHICAL BANKS

As the name implies ethical banks

promote candid transactions;
between various costumers of the
bank.
 INTERNET BANKS

Provides banking facilities

only via internet.
 INVESTMENT BANKS

These banks are for large

organization’s investment
ventures across the industry.
 MERCHANT BANKS

These banks exist for a long time,

they promote investing in organizations
that reap huge benefits for a long time
rather than brand new organization.
 UNIVERSAL BANKS

These Banks have wide

spectrum of financial
assistances.
 ISLAMIC BANKS

These banks are based on the

principles of the religion Islam.
 CORPORATION

Refers to a broad category of non-state organizations representing

a company or group of people lawful activity in relation to a public
function, such as provision of a good or service to the larger society.
Some corporations operate as:
STOCK CORPORATION
NONSTOCK CORPORATION
 COOPERATIVE

Refers to an autonomous association whose membership is voluntarily toward the

attainment of common economic, social and cultural needs or aspiration.
Types of cooperative:
HOUSING COOPERATIVE
WORKER COOPERATIVE
CONSUMER’S COOPERATIVE
AGRICULTURAL COOPERATIVE
 TRADE OR LABOR UNION

Refers to an organization of
workers whose main objectives is
to protect the welfare of its
members.
 INDIVIDUAL COMPANY-BASED UNION

Can affiliate with federations

at the national level.