Question

Select the option(s) that represent a problem that can be solved by the formation of a cooperative.

• A. Exploitation by the rich and powerful
• B. Unequal distribution of profits
• C. Low wages
• D. All of these

Answer 1

The correct option is D All of these

A cooperative can solve all these problems in one go. It can stop exploitation by the rich and powerful as each and every member of the cooperative is an equal member of it. The profits earned are equitably shared by all members of the cooperative, thus giving them higher wages as well.