Question

State three merits of cooperative society.

Answer 1

ADVANTAGES OF COOPERATIVE SOCIETY

Following are the important advantages or merits of cooperative society:

1. Advantage for Farmers-Farmers can get fertilizers and seeds at low prices from such cooperative societies. Farmers can also self their production at high rate or prices through cooperative societies.

2. Easy Formation-The formation of cooperative society is very easy. the formalities for registration are simple and formation expenses are also normal. The registration of a society is not compulsory but it is desirable to have its registration.

3. Equal Rights-All members of cooperative society enjoy equal right of vote and ownership . Each shareholder has only one vote in the management of cooperative societies.