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Preferred term

not-for-profit organization  

Definition

  • Not-for-profit-organizations, also called non-profit organizations, are the institutions of the “third sector.” This third sector comprises organizations that cannot be ascribed to the government (public) or to the market (private) sectors. For this reason, not-for-profit organizations are also referred to as nongovernmental or nonmarket organizations. [Source: Encyclopedia of Sports Management and Marketing; Not-for-Profit Organization]

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URI

https://concepts.sagepub.com/social-science/concept/not-for-profit_organization

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