explain terms ,merits and demerits of cooperative society .koi spam mt krna
Answers
Answer:
ADVANTAGE OF COOPERATIVE SOCIETY
1.Easy to Form 2. Open Membership 3. Democratic Management 4. Limited Liability 5. Stability 6. Economical Operations 7. Government Patronage 8. Low Management Cost 9. Mutual Co-Operation 10. No Speculation 11. Economic Advantages 12. Service Motive 13. Internal Financing 14. Income Tax Exemption
15. Durability 16. Cheaper Goods 17. State Patronage 28. Elimination of Middleman 19. Equality 20. Perpetual Existence 21. Scope for Self-Government.
DISADVANTAGE OF COOPERATIVE SOCIETY
1. Limited Capital 2. Inefficient Management 3. Absence of Motivation 4. Differences and Factionalism among Members 5. Rigid Rules and Regulations 6. Lack of Competition 7. Cash Trading 8. Lack of Secrecy 9. Weightage to Personal Gains 10. Lack of Incentive and Initiative11. Corruption 12. Limited Consideration 13. High Interest Rate 14. Undue Government Intervention 15. Differences of Opinion 16. Lack of Expertise 17. State Control 18. Lack of Loyalty 19. Lack of Understanding of Principle of Cooperative Societies 20. Lack of Universal Applicability.
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Answer:
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Explanation:
cooperative society is a voluntary association of persons of moderate means, who unite together to protect and promote their common economic interests. Features: Voluntary association: Everyone having a common interest is free to join a cooperative society and can also leave the society after giving proper notice.