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