Question

what is a cooperatives? class 9 history​

Answer 1

Answer:

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Explanation:

The concept of cooperatives, developed by some European Socialists, were enterprises owned by associations of people where goods were produced collectively by members and the returns were shared equitably i.e. according to the work done by the members.

Answer 2

Cooperatives are people-centred enterprises owned, controlled and run by and for their members to realise their common economic, social, and cultural needs and aspirations.

Cooperatives bring people together in a democratic and equal way. Whether the members are the customers, employees, users or residents, cooperatives are democratically managed by the 'one member, one vote' rule. Members share equal voting rights regardless of the amount of capital they put into the enterprise.