Question

Explain the Following terms /Concepts.


Co-Operative Society​

Answer 1

Answer:

Cooperatives are people-centred enterprises owned, controlled and run by and for their members to realise their common economic, social, and cultural needs and aspirations. ... Whether the members are the customers, employees, users or residents, cooperatives are democratically managed by the 'one member, one vote' rule.

Explanation:

Hope it helps

Answer 2

Hey mate,

Hey mate, Here's your answer.. ☺

• A cooperative society is not a new concept.
• It prevails in all the countries, this is almost a universal concept.
• The cooperative society is active in all countries worldwide and is represented in all the sectors including agriculture, food, finance, healthcare, etc.
• The cooperative society is active in all countries worldwide and is represented in all the sectors including agriculture, food, finance, healthcare, etc.To protect the interest of weaker sections, the co-operative society is formed.
• It is a voluntary association of persons, whose motive is the welfare of the members.

Hope it helps. ❤