Question

What do you mean by cooperative society and explain its features ????????? ​

Answer 1

Answer:

A cooperative society is a voluntary association of persons eager to raise their economic status in the locality through collective actions. The membership of cooperative society is free to those having a common interest. They can leave the society at their will after giving a due notice.

Answer 2

Answer:

A cooperative organisation is an association of persons, usually of limited means, who have voluntarily joined together to achieve a common economic goal.

The following are the characteristic features of a cooperative organisation:

1. Voluntary Association

2. Spirit of Cooperation

3. Democratic Management

4. Capital

5. Fixed Return on Capital.

Explanation:

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