Question

write a short note on cooperatives. ​

Answer 1

Answer:

A cooperative organisation is an association of persons, usually of limited means, who have vol­untarily joined together to achieve a common eco­nomic end through the formation of a democrati­cally controlled organisation, making equitable dis­tributions to the capital required, and accepting a fair share of risk and benefits of the undertaking.The word ‘co-operation’ stands for the idea of living together and working together. Cooperation is a form of business organisation the only sys­tem of voluntary organisation suitable for poorer people. It is an organisation wherein persons vol­untarily associate together as human beings on a basis of equality, for the promotion of economic in­terests of themselves.

Answer 2

A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned enterprise"

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