Voluntary sector

The voluntary sector of a nation's economy consists of those entities which are not for profit and yet, at the same time, are not agencies of the state - i.e: charities, volunteer community centres and religious organisations. They may, in some countries, be subject to state scrutiny if they wish to qualify for charitable status.

Related Topics:
Nation - Economy - Charities - Community - Religious

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

In Japan the expression 第三セクター(Daisan sector, literal translation: third sector) has been used since 1980s to refer to joint corporations invested both by the public sector and private one. The Third Sector (though still ill-defined) also includes organisations such as Co-Operatives, Trade Unions and Universities. In many countries there are also hybrid Social Enterprises which fall into the Third Sector categorisation. These are essentially not-for-profit organisations which have a profit generating arm to cover operational expenses.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~