Aspects / Benefits of Cooperation
Aspects / Benefits of Cooperation. The aspects / benefits of cooperation are classified into three categories viz economic, social and moral/ethical aspects. Economic Aspects 1. Aimed to satisfy the common economic needs The main aim of organising cooperative organisation is to satisfy the common economic needs of the members. 2. Provide economic opportunities The cooperative form of organisation provides opportunities for the members to practice the habit of thrift, savings, contribution to share capital and utilising the services of the cooperative at fair prices. 3. Act as shield for poor and week The cooperative organisation act as a shield for the poor and weaker sections of the people against the evils of capitalism such as economic power, exploitation, over charge of customers, earn profit and concentration of wealth. 4. An ideal economic system Cooperation i...