Question

Define cooparative industry and bring out main characteristics

Answer 1

Answer:

Cooperative sector industries are owned and managed by a group of people. Generally the members are the producers of raw materials. Examples of such industries are handloom, food processing and diary products. Amul is a example of cooperative sector society.

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Answer 2

Answer:

The Important Characteristics (or Principles) of a Co-operative Organization are listed below!

Voluntary membership: This is the first cardinal principle of co-operation. ...

Open membership: ...

Finances: ...

Liability of members: ...

Democratic control: ...

Limited interest on capital: ...

Distribution of surplus: ...

Service motive: