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Cooperative societies (Advantages (Any person may become a member, No…
Cooperative societies
Advantages
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Services may be more accessible and marketing, distribution and selling of produce simplified and cheaper as a result
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Gvt support for businesses owned by women, black people, youth, disabled persons or persons in rural areas
Disadvantages
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Tensions can develop around the use, allocation of money and in participatory decision making
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Name of the co-operative society must always indicate what the principal business of the co-operative is followed by co-op and ‘Ltd”
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An autonomous association of persons, who unite voluntarily to meet common economic, social and cultural needs by means of a jointly owned and democratically controlled enterprise
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