Question

differences between cooperative and sole proprietorship​

Answer 1

Answer:

cooperative society

•welfare motive.

•owned managed and controlled by a group of person.

• mutual help.

• Are of many types such as consumer cooperative, producer cooperative etc.

• sharing of benefits.

• high Managerial ability.

sole proprietorship

•profit motive.

•owned managed and controlled by a single person.

• single person gain ( profit )

•no such distinctions

• no sharing of benefits.

• limited managerial ability.

Explanation:

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