MGT211 GDB Solution

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Definition Co-Operative Society

A co-operative society is a voluntary association of individuals having common needs who join hands for the achievement of common economic interest. Its aim is to serve the interest of the poorer sections of society through the principle of self-help and mutual help.

Causes of failure of a Cooperative Society

 

 

Limitation of capital

Generally the members of cooperative societies are poor and they cannot provide the capital on large scale

Lack Of Experience

Generally the members of cooperative societies are related to poor group and they cannot provide the capital on large scale.

 

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