Question

differentiate between joint and cooperative sector
(give three point each)​

Answer 1

Answer:

The following are some of the differences between Cooperative enterprises and Joint Stock Companies.

Point of difference

Cooperative Enterprise

1. Formation It if formed by a group of persons belonging to one class. It deals with members only

2. Profit motive It works without profit motive.

3. Objective Its object is to eliminate middlemen in the chain of distribution.

4. No. of members The minimum number of members is 10 and there is no maximum limit.

5. Customer Generally, the sellers and buyers are same.

Answer 2

Answer:

joint sector

I. The ownership, control and management are shared jointly by the government.

II. The private interpreneres lies with the nominees or representatives with the government.

III.Private businessmen and the public.

Cooperative sector

I. Cooperative sector industries are owned and operated by groups of individual who are producers and workers in the industry.

II. Capital is pooled in together by people and profits and looses are shared by them.