Question

Which type of co operative society provides day to day consumable goods to its members at fair price ?
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Answer 1

Answer:

Consumers’ Co-Operative Societies:

Consumers’ co-operatives seek to provide a solution to the problems created by middlemen who may not only increase the price up to 30% to 40% for the services provided by them, but also create artificial scarcity of goods in the market. In these societies, consumers voluntarily combine to set up and manage certain businesses which meet their basic needs.

Their role is mainly two-fold:

Firstly, to function as part of the public distribution system by running fair price or ration shops and undertakes distribution of other essential commodities.

Secondly, to develop and adopt a mechanism whereby they are able to keep a check on the open market prices of the consumer goods.

Explanation:

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