explain any 4 limitation of cooperative societies
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Explanation:
Disadvantages of a Cooperative Society:
Limited Resources: The financial strength of cooperative societies is low due to limited supply of capital. ...
Incapable Management: ...
Lack of Motivation: ...
Rigid Business Practices: ...
Limited Consideration: ...
High Interest Rate: ...
Lack of Secrecy: ...
Undue Government Intervention:
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The membership of a cooperative society is open to all. Any person with common interest can become a member. The membership fee is kept low so that everyone would be able to join and benefit from cooperative societies. At the same time, any member who wants to leave the society is free to do so. There are no entry or exit barriers.
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