Ques: Name the form of business which is formed for the welfare of its members.
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Co-operative Society
A cooperative business is the one in which the members of the association come together with a motive of mutual welfare.
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.
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Ques: Name the form of business which is formed for the welfare of its members.
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Co-operative society
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