Question

Difine the advantages of cooperative societies

Answer 1

Answer:

A co-operative form of business organization is different from other forms of organizations. It is a voluntary association of people with collectively owned fund, organised on the democratic principle of equality, who join together to supply for their requirements through mutual action, and in which the objective is service rather than profit.

The primary objective of forming a co-operative is to protect the economically weaker sections of the society from the oppression of the economically organised strong segment of the society.

Answer 2

Answer:

The cooperative society provides the goods to the members on low price. So the purchasing power of the people and their standard of living improves. It is an advantage that Govt. provides various concessions like super tax, income tax to the co-operative societies

Explanation: