What is the co-operative sector industry?

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Solution

Answer:

Industries in the cooperative sector are owned and operated by a collective of individuals. The suppliers of raw materials are typically the participants. handloom, food manufacturing and everyday goods are instances of such sectors.

Example: Amul is an instance of cooperative sector society.

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Similar questions

Distinguish between the following

(i) Agro-based and mineral-based industry

(ii) Public-sector and joint-sector industry

In which sector industries are owned and operated by individuals or a group of individuals?

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