Business Studies, asked by maahira17, 10 months ago

How does a cooperative society exemplify democracy and secularism? Explain.

Answers

Answered by nikitasingh79
27

Answer:

Following characteristics of cooperative societies exemplify democracy and secularism :  

(1). Democratic basis :  

Democracy is the basis of a cooperative society. No exploitation of Man by man is the principle of this organisation. Every member exercises an equal rights in its affairs. ‘One member one vote’ is the principle of democracy applied to cooperative organisation. The member elect their own managing committee for daily business of the society. Hence, it is an emblem of true democracy.

(2). Religious and political neutrality :  

It generally tries to maintain political and religious neutrality. Religious faith and political difference do not come in the way of their relations as members of the society.

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State the important privileges available to a private company.

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If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.

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Answered by Anonymous
17

ANSWER ☺️

⏺️The membership of a cooperative society is voluntary.

⏺️A person is free to join a cooperative society as well as to exist the same as per his desire. There can't be any compulsion for him to join or quit a society.

⏺️Membership is open to all, irrespective of their religion, caste and gender.

⏺️The principle of "one man one vote" governs the cooperative society.

Hence, it is said that cooperative society is the best example of Democracy and Secularism.

hope it helps ✔️

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