What is the concept of cooperative
Answers
A cooperative is an association of persons (organization) that is owned and controlled by the people to meet their common economic, social, and/or cultural needs and aspirations through a jointly-owned and democratically controlled business (enterprise).
Answer:
Explanation:Definition of a Cooperative
A cooperative is an association of persons (organization) that is owned and controlled by the people to meet their common economic, social, and/or cultural needs and aspirations through a jointly-owned and democratically controlled business (enterprise). Objectives of a Cooperative The primary objective of every Cooperative is to provide goods and services to its members and thus enable them to attain increased income and savings, investments, productivity and purchasing power and promote among them equitable distribution of net surplus through maximum utilization .
Types of Cooperatives
1) Retail Cooperatives. Retail Cooperatives are a type of "consumer cooperative" which help create retail stores to benefit the consumers-making the retail “our store”. ...
2) Worker Cooperatives. ...
3) Producer Cooperatives. ...
4) Service Cooperatives. ...
5) Housing Cooperatives.