Question

explain the functions of cooperative societies class 11 8m


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Answer 1

Answer:

Here

Explanation:

The main purpose of a Co-operative Society is to provide service to its members. For example, in a Consumer Co- operative Store, goods are sold to its members at a reasonable price by retaining a small margin of profit. It also provides better quality goods to its members and the general public.

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Answer 2

A cooperative society is helpful for carrying out activities for the betterment of its members.

Explanation:

• A cooperative society can be defined as an organization that is formed as a result of voluntary association by people who come together to achieve a common goal.
• The common goal is to earn small profits and serve society.
• A cooperative society performs various functions which include empowering its members and providing them with profit shares.
• A cooperative society also trains and teaches its members various skills.