Scribd Logo
Upload

Welcome to Scribd!

  • 168 views

    Co Operatives Notes

    Uploaded by

    Shania Moesha Alexander
    The document describes different types of co-operatives including consumer, producer/worker, marketing, farming, credit/lending, and service co-operatives. It also outlines principles of co-operatives such as voluntary membership, democratic voting, limited returns on capital, and cooperation between co-operatives. Finally, it discusses advantages like easy formation, limited liability, and state assistance, and disadvantages including limited capital and lack of profit motivation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Co Operatives Notes

    Uploaded by

    Shania Moesha Alexander
    168 views3 pages
    The document describes different types of co-operatives including consumer, producer/worker, marketing, farming, credit/lending, and service co-operatives. It also outlines principles of co-operatives such as voluntary membership, democratic voting, limited returns on capital, and cooperation between co-operatives. Finally, it discusses advantages like easy formation, limited liability, and state assistance, and disadvantages including limited capital and lack of profit motivation.

    Original Description:

    CSEC POB NOTES

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document describes different types of co-operatives including consumer, producer/worker, marketing, farming, credit/lending, and service co-operatives. It also outlines principles of co-operatives such as voluntary membership, democratic voting, limited returns on capital, and cooperation between co-operatives. Finally, it discusses advantages like easy formation, limited liability, and state assistance, and disadvantages including limited capital and lack of profit motivation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    168 views3 pages

    Co Operatives Notes

    Uploaded by

    Shania Moesha Alexander
    The document describes different types of co-operatives including consumer, producer/worker, marketing, farming, credit/lending, and service co-operatives. It also outlines principles of co-operatives such as voluntary membership, democratic voting, limited returns on capital, and cooperation between co-operatives. Finally, it discusses advantages like easy formation, limited liability, and state assistance, and disadvantages including limited capital and lack of profit motivation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    TYPES OF CO-OPERATIVES

    Consumer co-operatives Producer/ Worker co-operatives


    These are formed to protect and These societies are set up to
    strengthen the specific interests of strengthen producers who operate on
    ordinary consumers of society by a small scale who face challenges
    making consumer goods available at related to resources for raw material
    a fair price. and available markets for finished
    goods.

    Marketing co-operatives Credit Co-operatives/ Lending Co-


    These are formed by producers and operatives
    manufactures. Marketing co- These societies are formed to provide
    operatives eliminate exploitation of financial help to its members.
    the middlemen when marketing their
    product.

    Farming Co-operatives Service co-operatives


    These are formed by small farmers These exist to provide a service to
    who carry on work together to their members. This may seem to be
    operate on a larger scale and thereby a simplistic statement but it is an
    share the benefits of large scale important part of the definition of a
    farming. service co-operative and provides
    clues to its nature and its methods of
    working. It means for example that it
    does not provide services to other
    than its members and therefore that
    users of its services must become
    members.

    Additional Notes Pg. 444 38.4

    Shania M. Alexander
    08.02.2016

    PRINCIPLES OF CO-OPERATIVES
     They sell shares to their  The members of a
    members to make profits Cooperative elect a Board of
     Membership is voluntary and Directors who will manage the
    open without artificial business on their behalf.
    restriction to all who qualify. Members have equal voting
     Capital invested, whether as rights: one member one vote.
    shares or loans, receives only  Profits or surpluses belong to
    a limited return. the members and should be
     All co-operatives should distributed or otherwise
    pursue social as well as applied in such manner as
    commercial objectives. avoids one member gaining at
     All co-operative organizations the expense of another.
    should actively co-operate  All co-operatives should
    with one another in every consider environmental issues
    practical way. in their day to day running.

    Additional Notes Pg. 446 38.5

    Shania M. Alexander
    08.02.2016

    ADVANTAGES AND DISADVANTAGES OF COOPERATIVES


    ADVANTAGES DISADVANTAGES
    Easy Formation Limited Capital
    Formation of a co-operative society is Due to the specificity of co-operatives
    relatively easy as compared to a the amount of capital that can be
    company. Any 10 persons can form an generated may sometimes be limited.
    association and get the entity registered. This is because of the membership
    remaining confined to a geographic area
    Limited Liability or a particular group of people.
    The liability of the members is only
    limited to the extent of capital
    contributed by them. Lack of Motivation
    Co-operatives are basically service
    Open Membership oriented more than profit motivated.
    Any member of society may become a There might not be sufficient motivation
    member of a co-operative. to manage the co-operatives effectively.

    State Assistance
    Co-operatives may have the advantage
    of patronage in the form of exemptions
    and tax concessions and financial
    assistance from the governments.

    Management
    Decision making by members on specific
    terms are democratized. Each member
    has only one vote.
    Additional Notes Pg. 447-448
    Shania M. Alexander
    08.02.2016

    You might also like