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 is
the via-media between capitalism and socialism.
It incorporates the advantages of both the systems and avoids the
demerits of both the systems.
5.
Bridges
the gap between have’s and have not’s.
Cooperatives
bridge the economic gap between have’s and have not’s by providing economic
benefits in the form of economic opportunities, better services at reasonable
cost, distribution of dividends and practicing distributing justice.
6.
Elimination
of middlemen activities
Being
user-oriented non-profit organisation, cooperatives by expanding the market
share, curb the exploitation and monopolistic tendencies, correct market
imperfections and eliminate middlemen’s activities.
7.
Serves
at reasonable cost
Since
cooperatives aim at service rather than profit, it adopts the policy of selling
below the market price (active price policy).
This results in serving the members at reasonable cost.
8.
Encourage
the practice of thrift and savings
Cooperatives
encourage its members to practice the habits of thrift and savings and thereby
increase the financial strength of its members as well as of the society.
9.
Represents
collective ownership and properties
Members
contribute economically in the form of share capital which enables the
cooperatives to accumulate its assets.
The members get equal rights of control of the cooperative and its
properties collectively as well as protects the possible risks collectively.
10.
Ensures
economic democracy
Cooperatives
ensure economic democracy by distributing the surplus earned by it equitably
(distributive justice) to the members.
The surplus is distributed according to the magnitude of services
utilised by the members but all members have equal control over the enterprise.
Social
Aspects / Benefits
1.
Training
in Self Help
Cooperatives
train the people to take initiatives in organising, assuming responsibilities
in administration, create experts and ultimately teach people to administer
their own affairs.
2.
Development
of Weaker Sections
Cooperatives set
right the imbalances in economic development. It contribute to reduction of
disparities of income and wealth. This
enables the development of weaker sections of the society.
3.
Preservation
of Dignity of Man
Cooperatives
seek to preserve the dignity of man.
Cooperatives give equality of opportunities and equality of control to
all the members irrespective of their wealth and social positions.
4.
Collective
Spirit for Betterment
Collective
spirit of cooperatives helps to make betterment of the people and betterment of
the society.
5.
Social
Harmony
Cooperatives aim
at establishing harmonious social relations with one another. There is no place for conflict (competition,
class struggle, favouritism, biased treatment) in cooperatives.
6.
Social
Welfare
Cooperatives
take up a variety of welfare activities including education, training, consumer
protection, housing, recreation and so on not only for its members but also for
the public.
7.
Social
Change
Cooperatives
bring the development of sense of friendship and social responsibility against
individualism / selfishness.
Ethical Aspects
1.
Human
Values
Cooperation fosters human values
such as oneness, brotherhood, equality, unity, solidarity and other values for
successful working of cooperation and peaceful living.
2.
Builds
unselfishness
Cooperation removes the character
of selfishness among the members. It develops the character of unselfishness
among its members which enables the creation of an environment suitable for
becoming fine human being.
3.
Rewards
for honest
Honesty is the base value expected from the members of
cooperation in the areas of conducting the business affairs. Cooperation returns money value for member’s
honesty, sincerity and loyalty.
4.
Cooperative
spirit
Cooperation aims at the practice of
each for all and all for each which signifies the good fellowship and
cooperative spirit among the members.
5.
Better
hope for progress
Positive attitude is developed
among the members through mingling with others, knowledge sharing, exposure to
new situations, working together for common cause and so on. This instils into man’s minds the ideals of
hope and progress and outlook on life.
Thanks for sharing the benefits of cooperation. Also read about the International Day of Cooperatives
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