what are the characteristics of co operative of society explain any two points
Answers
Answer:
The five basic characteristics of cooperatives are as follows: (1) Organisation of the poor (2) Membership is voluntary (3) Absence of exploitation (4) The role of bank (5) Subsidies. The scope and meaning of cooperatives has undergone radical change.
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Answer:
A business organization can take many forms. One such form is that of a cooperative society. Such societies have unique features of joint ownership and democratic leadership. Let us take a brief look at their features and some types of societies.
Explanation:
*It is compulsory for the co-operative society to get registration.
*The co-operative society is a separate legal identity to the society.
*It does not get affected by the entry or exit of its members. There is limited liability of the members of co-operative society.