what firm of estate non-state institution that can essentially help your future to become successful explain your answer. please po paki sagot Godbless ❤️❤️
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what firm of estate non-state institution that can essentially help your future to become successful explain your answer. please po paki sagot Godbless ❤️❤️
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Answer:
This are groups and organizations which operate outside the support of any state or government. They are referred to be ‘stateless’ since they are considered to be independent of any state, although, they usually collaborate with the government in implementing projects. Non-state institutions assume different functions and focus on a specific objective. In general, they develop certain services needed by members of the society for their progress.
There are different non-state institutions that operate in society. Two of them are banks and corporations.
Banks
The term ‘bank’ has no single definition for many authors have provided their own definition of it. For the purposes of uniformity, we define a bank as a financial institution licensed to provide several financial services to different types of customers. Banks are in operation mainly for their deposit and lending function. Customers are allowed to deposit their money to banks which grow through an interest rate. Banks also provide loans, at a higher interest rate, to customers who need money either for personal consumption or for investment and businesses. This process of taking in deposits and lending them to customers in need is called financial intermediation. This means that the bank serves as a connecting link between its depositors and borrowers of money.
Explanation:
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