Professional Documents
Culture Documents
Precious Dupaya
Precious Dupaya
Joel Dumlan
Leitrell Arce
Rechel Mae Pasion
Kenth Godfrei Doctolero
Non–state InstItutIons
Non-state institutions Description Social implications
Banks A bank is a financial institution Banks perform a variety of tasks,
that receives deposits from the their main function is to collect
public and generates credit. funds from those who have
Commercial/Retail Banks money, known as deposits, pool
Manage withdrawals and them, and lend them to those
deposits as well as supplying who lack money. During the
short-term loans to a person and pandemic, many people find it
small-scale businesses. challenging to make money
Investment Bank because many people lose their
A bank that purchases large jobs. As a result, the government
holdings of newly issued shares established a cash flow support
and resells them to investors program. Additionally, during the
Insurance and Companies pandemic, banks permitted
Offers insurance policies to the borrowers to take out loans with
public either by selling them no interest, enabling people to
directly to a person or through an access money without having to
employer's benefit plan. worry about potential interest
rates.
Trade unions Trade unions or also known as During the Pandemic many trade
labor unions are consist of unions have succesfully
workforces who have come defended workers' right by
together to attain mutual goals keeping their job, negotiating with
like protecting the integrity of its employers for special allowance
trade, improving safety for essential workers, and
standards, achieving higher pay monitor safety health protocol.
and benefits like health care, and
retirement
Transactional advocacy Organizations that are devoted to By creating new issues and