7E The third sector

Types of Organisations

In the economy, there are different types of organisations. These include: 1. Corporation: A large company or group of companies authorized to act as a single entity. 2. Business: An organization engaged in commercial, industrial, or professional activities. 3. Cooperative: A business owned and operated for the benefit of those using its services. 4. Family Business: A business owned and operated by members of the same family. 5. Charity: A non-profit organization that raises money to help those in need. 6. NGO (Non-Governmental Organization): A non-profit group that operates independently of any government. 7. E-commerce: Buying and selling of goods or services using the internet. 8. Public Sector: The part of the economy that is controlled by the government.