What are the positive and negative points of the Cooperative statutory
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Advantages of a co-operative include that:
there are equal voting rights for members. this structure encourages member contribution and shared responsibility. liability for members is limited. there is no limit on the number of members.
The important among the disadvantages are:
Lack of Secrecy: ADVERTISEMENTS: ...
Lack of Business Acumen: The member of cooperative societies generally lack business acumen. ...
Lack of Interest: ...
Corruption: ...
Lack of Mutual Interest:
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