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• Banks


  • Licensed to receive deposits & make loans
  • Provides financial services
• Types of banks

  • Commercial/retail
  • Investment
• Commercial/retail banks


  Use consumer deposits to fund loans and mortgages, and the interest on those loans becomes profit for the bank
• Investment banks


  Typically raise money by selling securities (like stocks and bonds)
• General Banking Law of 2000 (RA 8791) states that "Banks" shall refer to entities engaged in the lending of funds obtained in the form of deposits from the public
• Corporations


  • Meet certain legal requirements to be recognized as having a legal existence
  • Entity separate and distinct from its owner
  • Owned by their stockholders who share in profit
• 3 Distinct Characteristics of Corporations

  • Legal existence
  • Limited liability
  • Continuity of existence
• Legal existence of corporations


  A firm that can buy, sell, own, enter into a contract
• Limited liability of corporations


  Limited in their liability to the creditors and other obligors only up to the resources of the firm, unless the owners give personal guaranties
• Continuity of existence of corporations


  Can live beyond life spans, ownership can be transferred through a gift of shares
• Cooperatives


  • Owned, controlled, and operated by a group of users for their own benefit
  • Each member contribute equity capital
• Trade unions


  • Organization consists of workers and union leaders
  • United to protect their common interest
• Types of Trade Unions

  • Company Union
  • General Union
  • Craft Union
• Company Union


  Also known as House Union, represents only one company & may not have any connection with other unions, often bogus one and generally illegal
• General Union


  Represents workers from several companies in the same industry, also known as Industry Union
• Craft Union


  Workers in particular field such as carpentry or welding
• Transnational Advocacy Group


  • Do not rely on traditional bases of power like military or economic muscle
  • They have sought to change the way the game is played in international politics
  • They reshape the terms of international debate
  • They work to realign alliances and coalitions of powerful players
  • They change the way that internationally policy & practices occurs
• Development agencies


  • Goal is to help develop economic growth w/in a specified city
  • Promote economic development in the are they serve
  • Encouraging new businesses to locate in their area
• International Organizations


  • Intergovernmental
  • Supranational
• Intergovernmental organizations


  Involving 2 or more governments
• Supranational organizations

  Involving more than one country