distinction between non-profit concern and non-trading concern
Answers
Non-trading concerns are simply non-profit making entities that exist solely for the betterment of the society by providing quality services. Unlike trading concerns that sell goods and services to earn profit, the non-trading concerns accept donations and receipts from the general public, corporate entities and government to run its operations. Some of the common examples of non-trading concerns are as follows:
Orphanages
Sports clubs
Civil hospitals
Libraries
Charities
Government owned educational institutions
Civil Hospitals
Nonprofit organizations serve the public, providing a wide range of services to improve the quality of life of individuals or communities. ... However, they often face problems achieving their technology goals because technology planning is often not an explicit part of their organizational practice.