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Difference between Consumer cooperative Society and producer cooperative society |
| Answer» Consumers’ Cooperative Society –\xa0Consumers’ cooperatives are created by the consumers to get there on daily basis requirements at evenhanded prices. Such a society buys goods directly from manufacturers and wholesalers to get rid of the profits of middlemen.\tNature of Business: Purchasers or consumers of the different products establish these organizations.\tObjective: To supply the necessary goods at a reasonable price is the main objective.\tFields: It’s very much suitable to provide daily necessary goods to the huge consumers who live the same locality.\tFunctions: Products distribution is the main function among the members.\tAdvantages: It ensures large scale of purchases.Producers’ Cooperative Society –\xa0Producers or industrial cooperatives are voluntary associations of little producers and artisans who join hands to face opposition and augment production.\tNature of Business: It is built by the collection of same products producers.\tObjective: To protect the producer’s right in the way of producing the products regularly with the proper distribution.\tFields: Generally their activities are surrounded in the field of small and cottage industries.\tFunctions: It’s restated to the productions activities.\tAdvantages: It ensures large scale productions. | |