Question

Such concerns, which are formed for rendering some useful services to its members without having profit motive. Answer in a word / phrase / term.

Answer 1

Ur

Answer

↪️↪️ not for profit organizations

Answer 2

Such concerns, which are formed for rendering some useful services to its members without having profit motive are non-profit organisations.

*Non business entities which work for a social cause without having a profit making motive.

* They use the excess revenue or fund generated to achieve other objectives and hence there's no sharing of profit among the members.

* They are exempted from the payment of taxes and are charitable institutions.

* They work in association with volunteers, donors, and the public community.