Question

describe the limitations of a cooperative society​

Answer 1

Answer:

A co-operative society generally suffers on account of inefficient management. Due to limited financial resources, it is generally not in a position to employ and retain competent professional managerial personnel. It, therefore, has to depend on its own members who generally lack in skill and experience.

Explanation:

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Answer 2

Answer:

• Limited Resources: The financial strength of cooperative societies is low due to limited supply of capital. ...
• Incapable Management: ...
• Lack of Motivation: ...
• Rigid Business Practices: ...
• Limited Consideration: ...
• High Interest Rate: ...
• Lack of Secrecy: ...

•Undue Government Intervention:

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