State, Nonstate, and Educational Institutions

• State institution - refers to an organization or entity that is established and operated by the government of a country. funded by the state through tax revenue or other sources of government income
• government - a kind of state institution that refers to the system of governance and the institutions that exercise political authority, administer public affairs, and provide public services in the country
• executive branch - responsible for implementing laws, formulating policies, and managing the day-to-day administration of the country
• legislative branch - composed of the Congress of the Philippines, which consists of two houses: the Senate and the House of Representatives. Congress is responsible for enacting laws, passing budgets, and exercising oversight over the executive branch.
• 250 - number of house of representatives
• 24 - number of senators
• Judicial branch - independent of the executive and legislative branches. It is responsible for interpreting laws, resolving disputes, and ensuring the fair and impartial administration of justice. The highest court in the country is the Supreme Court, which is composed of justices appointed by the President.
• nonstate institutions - Also known as nonstate actors, completely autonomous from the state, emanating from civil society, market economy, or political opportunities. eg: banks, insurance companies, and trade unions
• commercial banks - typically concerned with managing withdrawals and receiving deposits as well as supplying short-term loans to individuals and small businesses. eg: bdo, bpi
• investment banks - focus on providing corporate clients with services such as financial intermediation, underwriting, and assisting with mergers and acquisitions.
• central banks - are chiefly responsible for currency stability, controlling inflation and monetary policy, and overseeing money supply. eg: bangko sentral ng pilipinas
• corporations - a legal entity that is separate and distinct from its owners. they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes.
• cooperatives - a duly registered association of persons with a common bond of interest, who have voluntarily joined together to achieve a lawful common social or economic end.
• labor unions - also called TRADE UNIONS, is an organization that represents the collective interests of workers.
• advocacy groups - an organization whose members share a common political, economic, or social interest and try to advance those interests through the political process.
• transnational advocacy groups - are advocacy groups which have a presence throughout the world. example: WWF, red cross
• development agencies - organizations dedicated to distributing aid.
• intergovernmental organizations - refer to an entity created by treaty, involving two or more nations, to work in good faith, on issues of common interest. example: united nations
• ASEAN - established on aug 8 1967 in Bangkok.
• EU - A group of 27 countries in Europe that operates as a cohesive economic and political block. Nineteen of the countries use the euro as their official currency (Eurozone)
• right to have education - Article 26 of the United Nations Universal Declaration Of Human Rights (UNUDHR)
• importance of education - Article XIV of the 1987 Philippine Constitution
• executive branch - responsible for implementing laws, formulating policies, and managing the day-to-day administration of the country