why is a co-operative society called training school of democracy
Answers
question ⤵️
why is a co-operative society called training school of democracy?
answer ⤵️
The management is elected through one man one-vote system. The day-to-day work is conducted by expert persons but the ultimate control lies with the members.
explanation⤵️
In a co-operative, democracy is more than a system, it is a condition of its business success. Co-operative business stands or falls with democracy.
more information ⤵️
In a co-operative society, the principle of "one man one vote" is adopted. A member has only one vote irrespective of the number of shares held by him. Thus, a co-operative society is run on democratic principles.
types ⤵️
- Credit Cooperative Societies
- Consumers Societies
- Producers Societies
Answer:
The management is elected through one man one-vote system. The day-to-day work is conducted by expert persons but the ultimate control lies with the members. In a co-operative, democracy is more than a system, it is a condition of its business success. Co-operative business stands or falls with democracy