Question

What are the features of cooperative societies?​

Answer 1

Answer:

1. Open membership: The membership of a co-operative society is open to all those who have a common interest.
2. Voluntary organization: A co-operative society is totally based on voluntary membership.
3. State control: To protect the interest of members, co-operative societies are placed under state control through registration.

Explanation:

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Answer 2

Answer:

Features of a Cooperative Society – 10 Primary Features of a Cooperative Society: Voluntary Association, Open Membership, Service Motive, State Control and a Few Others

1 - Voluntary Association

2 - Open Membership

3 - Service Motive

4 - State Control

5 -Democratic Management

6 - Separate Legal Entity

7- Distribution of Surplus