distinguish between private and cooperative sector in a tabular form
Answers
Answer:
What is the difference between private sector and co-operative sector industries?
Building a home?
A cooperative is nothing like the private sector, and no offense to the other answer on this post, it has nothing to do with government sponsorship. A cooperative is a type of organization where the members of the cooperative are the owners of the cooperative. In a traditional S Corp - the stock holders have voting rights, but out side of that have no interactions with the day to day dealings of how the corporation will work or how it will be run. A stock holder strictly has the right to vote on who will run the company and outside of that they have no real control. The more stock they have the more of a voice they have.
A cooperative is different than that. In a cooperative every single member has rights defined by the cooperatives bylaws. This extends well above and beyond just voting rights. There are Buyer Cooperatives, Housing Cooperatives, Service Cooperatives, Producer Cooperatives, Worker Cooperatives, and Consumer Cooperatives and each has varying types of bylaws that put the entire business in the control of their members. The largest cooperative globally is Land-O-Lakes which is a multi-billion dollar cooperative and even at the multi-billion dollar level, every single person who is a member of the cooperative has both obligations and rights defined by the bylaws of the cooperative.
So to sum it all up in a simple sentence the difference between private sector and cooperatives are the bylaws that define the rights and obligations of its members.
Answer:
You can right it in tabular form!
Explanation:
Private sactor refers to the sactor where means if production are under the control of private individuals and companies.
Cooperative have allowed people who are the producers of raw materials and workers to collaborate.
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