Which type of economic institution works to provide services to a community and does not pay taxes?

A bank
B market
C non-profit
D labor union (?)

The answer is C

the answer IS C!!!! :)

No.

is the answer b

The type of economic institution that works to provide services to a community and does not pay taxes is the non-profit organization, option C. Non-profit organizations are generally established to serve a specific cause or community, such as charitable organizations, educational institutions, healthcare organizations, and religious institutions.

To arrive at this answer, we can analyze the characteristics of each option:

A) Bank: Banks are for-profit institutions that provide financial services to individuals and businesses. While they may contribute to the community through loans and other services, they are not categorized as non-profit organizations and are subject to paying taxes.

B) Market: A market refers to a place or system where buyers and sellers interact to exchange goods and services. While markets contribute to the economy, they are not defined as economic institutions that provide services to a community. Markets do not have a tax status as they are not separate entities, but rather a concept or arrangement for trade.

C) Non-profit: Non-profit organizations are established with the primary objective of providing services to the community or advancing a specific cause. They are exempt from paying certain taxes because they operate for the benefit of the public. Non-profit organizations rely on donations, grants, and other funding sources to support their activities.

D) Labor Union: Labor unions are collective organizations formed by workers to protect their rights and negotiate with employers for better wages, benefits, and working conditions. While labor unions provide services to their members, they are not typically considered economic institutions that provide services to the broader community. Labor unions may have tax-exempt status for certain activities, but they are not exempt from paying all taxes.

Therefore, the correct answer is C) non-profit.