The “third sector”, a major economic player: 10% of paid employment in cooperatives, mutual organizations, non-profit groups, and foundations

In welfare and hospital services, in banking and insurance, in agriculture and food processing, and, more modestly, in wholesaling/retailing and construction, the players of the social economy-also known as the “third sector”-display highly specific traits. Non-profit groups and foundations operate in the personal-services field, while mutual organizations and cooperatives are involved in finance and agriculture. The second category of units is active in rural areas, but also owns major urban businesses.