Wednesday, 5 July 2017

Social Utility

Co-operatives promote mutual co-operation among people and serve as a means of community development. They develop brotherhood and spirit of service among members. They provide education and training in democracy, self-government, self-help and mutual help. Co-operative societies impart moral and ethical values in daily life. By raising the economic status of weaker sections of society, co-operatives help to avoid anti-social monopolies is not simply a from of business organisation but a socio-economic movement for the creation of an egalitarian economic order. Co-operatives help in improving community life by utilizing a part of their surplus for welfare of local community. There is economic justice due to equitable distribution of surplus.

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