discuss the advantages and disadvantages of co-operative societies
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Answer:
Advantages and Disadvantages of Cooperative Society: 5 Points
Ease of Formation: ...
Democratic Management: ...
Limited Liability: ...
Continuous Existence: ...
Economical Functioning: ...
Government Support: ...
Social Uplift: ...
Limited Financial Resources and Shortage of Capital:
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Answer:
The three advantages of a cooperative society are:
- It provides a good salary and position to its employees.As it is for community service, it does not black marketing and hoarding.Procurement is done directly from the producers, hence the profit of middlemen is reduced.
Explanation:
Following are some of the disadvantages of a cooperative society:
- Not many qualified employees.Management is mostly inefficient.Members usually try to take unnecessary benefits.
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