A group of 15 retired people in your neighbourhood wants to start an organisation to educate underprivileged children. Suggest them the type of organisation that they can start.
Answers
Answer:
cooperative
Explanation:
Given: A group of 15 retired people in your neighbourhood wants to start an organisation to educate underprivileged children.
To find: Suggest them the type of organisation that they can start.
Step 1: Cooperatives are businesses or organisations that are jointly owned and run by their members.
Step 2: Such an organization's primary goal is to fulfil its members' economic, social, and cultural needs.
Step 3: Using a jointly owned and democratically run business, a cooperative is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations."
Step 4: Cooperatives are people-centered businesses that are owned, managed, and operated by and for their members in order to fulfil their shared needs and aspirations in the areas of economics, society, and culture. People come together in cooperatives in a democratic and equal manner.
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