Social economic organizations can range from a variety of different perspectives, and depending on the type social institution, there may be alternate approaches directed towards enhancing the social economy. The Young Men’s Christian Organization, or otherwise known as the YMCA was founded in London, England over 170 years ago. In 1844 a man by the name of George Williams founded the first YMCA in hopes of strengthening and motivating individuals within a society. This specific social institution can be identified as part of the social sector within an economy. The YMCA aims to improve all individual’s health and quality of life, as a result, this can be understood by the concept of reciprocity; as a …show more content…
The social economy can be defined as a transverse concept for organizations that have a specific social objective. These objectives must encompass great benefits and uphold a mission that will improve a society overall. The YMCA aims to better community economic development, social development and community development. These institutions allow for socialization amongst individuals of a community, each YMCA’s mission can be specific to the needs of its community. The YMCA counts on three central sources for success, these sources include: people, places and programs. The people behind the improvement of society and members of the YMCA, this includes coaches, instructors and of course, its members that are their to learn and participate in activities that allow some kind of personal or communal development (Restakis, …show more content…
The RMCH is a non-profit organization that relies on donations from businesses and individuals to help support sick children and their families. Donations are not required to come in monetary form; food, home essentials, toys, and other items are accepted and offer many benefits to families. Since 70% of Canadian families live outside a city with a hospital, the donations are crucial in helping provide nearby houses to hospitals for families with sick children (RMHC, n.d). Some of the donation money also provides family rooms inside hospital walls so that family members can have a comfortable visit with their loved ones. Medical treatment, educational programs, playrooms, and services for the family, such as meals, are all supplied inside the houses. The Ronald McDonald House Charity has also recently introduced the Care Mobile program that provides dental health care to the communities in need. Volunteers also contribute to the social objective of this social economy organization by offering their support and services to help families in