What are the characteristics of cooperative society?
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Characteristics of cooperative society are - -
1// Service motive - - The primary objective of cooperative society is to render service to its members rather than maximum profits.
2// One man, One vote - - In cooperative society, every member is given one vote.
3// Raising of capital - - Capital of cooperative society is raised by issue of shares to its members. In addition, a cooperative society can borrow from its members and from other sources..
4//UNITY - - UNITY is the basis of cooperative society. A poor man cannot fight against evil of capitalism. Unity is the real strength and this is fully recognized by cooperation.
5//Common intrest - - The community has communication interest i. e common interest. It may be any economic activity such as agriculture, trade, finance or manufacturing..
1// Service motive - - The primary objective of cooperative society is to render service to its members rather than maximum profits.
2// One man, One vote - - In cooperative society, every member is given one vote.
3// Raising of capital - - Capital of cooperative society is raised by issue of shares to its members. In addition, a cooperative society can borrow from its members and from other sources..
4//UNITY - - UNITY is the basis of cooperative society. A poor man cannot fight against evil of capitalism. Unity is the real strength and this is fully recognized by cooperation.
5//Common intrest - - The community has communication interest i. e common interest. It may be any economic activity such as agriculture, trade, finance or manufacturing..
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Service Motive- A cooperative society is based on the service motive of its members. Its main objective is to provide service to the members and not to maximize profits. Earning profits is the most important objective of other forms of business organization. It is not so in the case of co-operatives.
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