34 Social -- Cooperatives and it's Economic Importance

"Agricultural cooperatives are boon for the farmers."

1 Answers

Cooperatives is an independent association of people united for the meeting of their own needs and requirements. It helps its shareholders to be financially enabled and increase productivity. In case of farmers, many farmers are economically weak and cannot make the investment in the desired sector. But agricultural cooperatives helps these farmers to be united and work together for the fulfillment of their requirements with the common efforts. Therefore, agricultural cooperatives are boon for the farmers.

What is co-operative organization?

Co-operative organization as an independent association ofpeople united voluntarily to meet their common economic,social, cultural needs and goals through a jointly ownedand democratically controlled business.

Mention any two principles of co-operatives.

Any two principles of co-operative are:
-Open membership.
-Democratic control.

Which is the most important types of cooperatives for an agricultural country like Nepal? Why?

Agricultural co-operative is most important types ofcooperativesfor an agriculturalcountry likeNepal becauseit helps all the farmers of Nepal to be united to meettheir own social, cultural or economic needs.

Write down two points showing advantages of co-operatives?

Any two points that shows advantages of co-operatives are:
-Cooperatives are made for imparting social services.
-A co-operative doesn't need to pay anytaxes.

Make the list of types of cooperatives in Nepal. Describe each of them.

The types of co-operatives found Nepal are:

- Worker's co-operative:
The co-operative organizationestablishedby the workersof any organizationis worker's cooperative. In a worker's co-operative,there are no any outsiders meaning only workers own the shares of the association.

-Consumer's co-operative:
A consumer cooperativeis a cooperative business owned by its customersfor their mutual benefit. Also, the employeescanbe members of consumer'sco-operative.
- Agricultural Cooperatives:
It is the...

List the advantages of co-operatives.

The advantages of co-operatives are:
- Formation of cooperative organization is easy.
-One caneasily become a member of a co-operative.
-Co-operatives are made for imparting social services.
-A cooperativedoesn't need to pay any taxes.
-Every members have equal right in cooperative.
-It acceleratesthe economic and social development.

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