Business Studies, asked by kritarth194, 5 months ago

what are merits of a cooperative society​

Answers

Answered by girotrathea
2

Answer:

Some of the merits of a cooperative society are:-

1. Easy to Form

2. Open Membership

3. Democratic Management

4. Limited Liability

5. Stability

6. Economical Operations

7. Government Patronage

8. Low Management Cost

9. Mutual Co-Operation

10. No Speculation

11. Economic Advantages

12. Service Motive

13. Internal Financing

14. Income Tax Exemption

15. Durability

16. Cheaper Goods

17. State Patronage

28. Elimination of Middleman

19. Equality

20. Perpetual Existence

21. Scope for Self-Government.

Answered by jankikrishnak
0

Answer:

Stable existence

A cooperative society enjoys separate legal entity which is distinct from its members. Therefore its continuance is in no way affected by the death, insanity or insolvency of its members. It enjoys perpetual existence

Explanation:

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