Question

Why cooperative sector industry important in our country

Answer 1

A cooperative sector industry helps in socio-economic development of the nation.

Explanation:

• The cooperative sectors are with regards to the socio and economic development promote the full participation of people and facilitates a more equitable distribution and give more benefits of globalization.  

• It also helps to tackle social exclusion and promote human development. As they are managed and owned by a group of people industry like the handloom, food processing, and dairy product are an example.

Learn more about the cooperative sector industry important in our country.

• brainly.in/question/7594081 answered by Skyfall63.

Answer 2

Answer:

Cooperative sector industries are run and owned by raw material producers, suppliers, employees, or a combination of both. After independence, the cooperative movement in India experienced significant growth. Every Indian village favored cooperative activity. For example, these industries include the handloom, dairy, and food processing sectors. Employees, raw material manufacturers, suppliers, or both run and own these industries