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How are cooperative societies formed what values do these societies promote. |
| Answer» Co - operative societies are basically formed to provide service to it\'s members. it is a voluntary organization which attempts to serve common purposes of people who have started it.EXAMPLES :- suppose students studying in your school can start co- operative store\u200b to meet their daily requirements. of study material, at reasonable prices.FEATURES OF CO-OPERATIVE SOCIETIES :-★ it is a voluntary organisation.★ it\'s main objective and purpose is to serve the members of the society.★ it has no profit motive, main motive of co-operative society is to provide service to it\'s members. surplus, if generated, is distributed as dividend amoung the members according to the laws of society.★ it has a common goal to provide welfare of it\'s members.MERITS OF CO-OPERATIVE SOCIETIES :-★ easy formation .★ stability.★ limited liability.★ Democratic management.★ support from government.DEMERITS OF CO- OPERATIVE SOCIETIES:-★ lack of skilled management.★ difference amoung members.★ limited resources.★ lack of secrecy.★ excessive governmental control. | |