Advantages and Disadvantages of co-operative societies . Disadvantages Of Co-operative Societies. Explain the meaning, features, merits and demerits of cooperative society. 1. Merits of Co-operative Societies are as Follows:. i. Disadvantages of a Cooperative Organization: 1. The UK also has a number of autonomous consumers' cooperative societies, such as the East of England Co-operative Society and Midcounties Co-operative. 3. Irrespective management of a co-operative society is democratic. Types Of Co-operative Societies 4. Question 6. A cooperative organization entails longer decision-making process. Easy to Form- A cooperative society is a voluntary association and may be formed with a minimum of ten adult members. Merits and Demerits of Co-operative Society? The Advantages and Disadvantages of Co-op Housing . Then any adult member can join hands to start co-operative society. In this type of society, the land of the individual members is taken by society, but the ownership remains at the members. The cooperative society follows democracy and hence finds support from the Government in the form of low taxes, subsidies, and low interest rates on loans. Ease of formation: The cooperative society can be started with a minimum of ten members and is governed by the provisions of Cooperative Societies … Introduction: - A Co-operative society is a voluntary association of people who come together on the basis of unity and equality to protect and promote their common economic interest. Features: By: REBAC Staff. Advantages Of Co-operative Societies 5. Meaning Of Co-operative Society 2.Features Of Co-operative Society 3. So those who want to work together with some common economic objectives can form a society, which is termed as cooperative society. Advantages and Disadvantages of Cooperative Society Advantages and Disadvantages of Cooperative Society – 12 Points Advantages: The cooperative form of organization offers the following advantages: 1. Meaning Of Co-operative Society. The world's largest consumers' cooperative is the Co-operative Group in the United Kingdom, which offers a variety of retail and financial services. The membership of cooperative societies is voluntary. The following are some of the important advantages of co-operative societies. Extensive record keeping is necessary in this form of organization. Easy Formation: -A co-operative society can be formed easily.Minimum ten members required for the registration of co-operative society. Answer: A cooperative society is a voluntary association of persons of moderate means, who unite together to protect and promote their common economic interests. Voluntary organization. Posted: 10/29/2018. Protection from exploitation: One of the most obvious advantages of a co-operative society is the fact that the members are protected from exploitation from middlemen. Cooperative buildings, or “co-ops,” are a unique housing option, typically found in a limited number of U.S. urban markets. Thus, the term cooperation means working together. It has less incentive, and there’s also a possibility of development of conflict between members. Advantages. Features Of Cooperative Societies Voluntary Association. It requires members to participate for success. This is one of the most prominent objectives of all co-operative societies. A cooperative society is a business organization and operated by a group of individuals for their mutual benefit. The membership of a cooperative society is opentoall. 2. As per the prevailing legislation, cooperative society cannot be formed unless and until a … Anypersonwithcommoninterest can become a member. 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