Question

Explain the advantage of cooperative and disadvantages of cooperative in Tanzania

Answer 1

Explanation:

Advantages of Cooperative Societies

1. Voluntary organization

2. Ease of formation

3. Democracy

4. Equitable distribution of surplus

5. Limited liability

6. Stable existence

7. Each for all and all for each

8. Greater identity of interests

9. Government support

10. Elimination of middlemen

11. Low taxes

12. Rural credit

13. Role in agricultural progress

14. Own sources of finance

15. Encourages thrift

16. Fair price and good quality

17. Social benefit

Disadvantages of cooperative societies

1. Limited funds

2. Over reliance on government funds

3. Imposed by government

4. Benefit to rural rich

5. Inadequate rural credit

6. Lack of managerial skills

7. Government regulation

8. Misuse of funds

9. Inefficiencies leading to losses

10. Lack of secrecy

11. Conflicts among members

12. Limited scope

13. Lack of accountability

14. Lack of motivation

15. Low public confidence

Infographic on Advantages & Disadvantages of Cooperative Societies

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