The Economic Advantage of Co-operatives
The economic benefits, which flow from the co-operative actions, are as follows:
a. Service to the relatively weaker sections of society with due emphasis on the satisfaction of human needs through appropriate production activities and at lowest cost possible.
b. A more egalitarian distribution of wealth and income.
c. Protection of consumers from monopoles and other forms of centralized combinations
d. Higher wages and improved receipts for the working member communities of the organization.
e. Institution of a more economic and efficient distribution system, eliminating the exploitative middlemen, avoiding unproductive overlapping activities, and eliminating fraudulent practices such as higher costs, short weights and adulterated goods.
f. More purposeful and publicized practices in business management and operations
g. Contribution to stabilization of costs, prices and incomes for the benefits of the members covered.
h. More meaningful generation of employment principles with fair terms to workers in the organization, providing at the same time, opportunities for self-development and progress.
The economic benefits, which flow from the co-operative actions, are as follows:
a. Service to the relatively weaker sections of society with due emphasis on the satisfaction of human needs through appropriate production activities and at lowest cost possible.
b. A more egalitarian distribution of wealth and income.
c. Protection of consumers from monopoles and other forms of centralized combinations
d. Higher wages and improved receipts for the working member communities of the organization.
e. Institution of a more economic and efficient distribution system, eliminating the exploitative middlemen, avoiding unproductive overlapping activities, and eliminating fraudulent practices such as higher costs, short weights and adulterated goods.
f. More purposeful and publicized practices in business management and operations
g. Contribution to stabilization of costs, prices and incomes for the benefits of the members covered.
h. More meaningful generation of employment principles with fair terms to workers in the organization, providing at the same time, opportunities for self-development and progress.