What are the types of cooperative societies
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There are 5 different types of cooperatives:
1. Consumer: owned by consumers who buy goods or services from their cooperative
2. Producer: owned by producers of commodities or crafts who have joined forces to process and market their products
3. Worker: owned and democratically governed by employees who become co-op members
4. Purchasing: owned by independent businesses or municipalities to improve their purchasing power
5. Hybrid: a combination of co-op types, where people with common interests band together.
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