explain any six advantages of co-operative society.in 5 mark question
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Open Membership- Membership in a cooperative organisation is open to all people having a common interest. ... Limited Liability- The liability of the members of a co-operative society is limited to the extent of capital contributed by them. They do not have to bear personal liability for the debts of the society.
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1. Easy to Form 2. Open Membership 3. Democratic Management 4. Limited Liability 5. Stability 6. Economical Operations 7. Government Patronage
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