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When was the welfare state firmly established in most Western societies?
Not-For-Profit Corporation
A type of legal entity organized for purposes other than generating profit. Any surplus revenues are used to further its objectives rather than distributed to shareholders.
Surplus Revenue
the amount of income that exceeds the total cost of operations, often discussed in the context of businesses and government budgets.
Members
Individuals who belong to a group, organization, or body, having certain rights, roles, or obligations within it.
Not-For-Profit Corporation
An organization formed for purposes other than generating profit, where any income generated is used in pursuing its goals instead of being distributed as dividends.
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