Economics GCSE
Mutual and corporate ownership
What Mutual and corporate ownership means in Economics GCSE, as defined for AQA.
Definition of Mutual and corporate ownership
Check what you remember
Read the wording for your board, then hide it and explain Mutual and corporate ownership in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Building societies are mutual institutions owned by their members rather than shareholders, while banks are owned by shareholders seeking profit.
Topics that use Mutual and corporate ownership
Related terms
- Bank of England
- Building societies
- Business investment
- Central banking
- Commercial banking
- Financial institutions
- Financial intermediation
- Financial sector
Using Mutual and corporate ownership in the exam
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