Question

Discuss the limitations of cooperative form of organization. Also describe briefly different types of cooperative

societies.​

Answer 1

Answer:

Limitations of Co-operative Society

(i) Limited Resources Capital contributions in a cooperative society are from the members with limited means. (ii) Inefficient Management The members of co-operative societies are not professionals and offer honorary services on a voluntary basis.

Explanation:

Limitations of Co-operative Society

(i) Limited Resources Capital contributions in a cooperative society are from the members with limited means. (ii) Inefficient Management The members of co-operative societies are not professionals and offer honorary services on a voluntary basis.

Answer 2

Limitations of a Cooperative Society:

• Limited Resources

• Incapable Management

• Lack of Motivation

• Rigid Business Practices

• Limited Consideration

• High Interest Rate

• Lack of Secrecy

• Undue Government Intervention

Different types of cooperative  societies:

• Consumer Cooperative Society.

• Producer Cooperative Society.

• Co-operative Credit Societies.

• Marketing Cooperative Society.

• Housing Cooperative Society.

• Co-operative Farming Societies.