Question

what are the features and characteristics of COOPERATIVE SOCIETIES?

Answer 1

characteristics of cooperative societies
1 . membership is open to all interested persons .
2 . the control of ownership is Democratic .each member has only 1 vote.
3 . shares is not Transferable
4 . distribution of surplus is made in proportion to the purchases maid at the Co-operative
5. no credit is extended to customers

Answer 2

1. Voluntary association
2. Open membership
3. Finances
4. Variable Nature of Member’s Liability
5. Democratic control
6. Limited interest on capital
7. Distribution of surplus
8. Service motive
9. Registration and legal status
10. Education and training