Explain in brief the concept of cooperative sector.class 9 history
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A cooperative society is a unit business organization. From the very beginning,such units were organised as groups of farmers and manufacturers . Today, coops could be organized in various spheres of economic life. The cooperative movement is a worldwide phenomenon with root from Great Britain.
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Co-operative sector industries are operated and owned and by the suppliers or producers of raw materials, workers or both. Cooperative movement in India gained a lot of impetus after Independence. Cooperative movement was encouraged in every village of India.
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