Importance of Co-operatives:

A cooperative may be a member-owned and controlled business that operates for the mutual good thing about its members. Co-operatives operate across all sectors of Indian economy and embrace agriculture, food distribution and selling, childcare, credit unions, purchasing, worker-owned, housing, healthcare, energy and telecommunications co-operatives.

Co-operatives promote the fullest attainable participation within the economic and social development of all folks and are a significant economic force in developed countries and a robust business model in developing ones. Worldwide, around one billion folks are members of cooperatives. The economic activity of the most important three hundred co-operatives within the world equals the tenth largest economic system.

Author: Kumar

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