Question

cooperative society essay 10 thousands words ​

Answer 1

A co-operative society is commonly termed as a co- operative. A co-operative is an organisation or enterprise owned by and operated for the benefit of those using its services.

It is a voluntary association of persons who undertake business and economic activities not for the purpose of making profits only but to bring about equality for the promotion of economic interests of themselves through self-help and co-operation. Will­ingness and ability to work with others are the basic ingredients in the formation of a co-operative. A co-operative is another form of business organisation.

The basic elements of a co-operative such as capital struc­ture, membership, management and control, registration, etc., are more or less similar to that of a company form of business organisation. Yet, it has some distinctive characteristics in the commercial and economic world.

Main article: History of the cooperative movement

Cooperation dates back as far as human beings have been organizing for mutual benefit. Tribes were organised as cooperative structures, allocating jobs and resources among each other, only trading with the external communities. In alpine environments, trade could only be maintained in organized cooperatives to achieve a useful condition of artificial roads such as Viamala in 1473.[3] Pre-industrial Europe is home to the first cooperatives from an industrial context.