Co-operative society follows democratic principles.
Justify the following statement :
Co-operative society follows democratic principles.
4 views
1 Answers
1. The members of a Co-operative organisation form the general body which manages the co-operatives. This body exercises the power through annual general meetings. They elect their representatives who look after the day to day management which is collectively known as Managing Committee.
2. ‘One member One vote’ is the principle followed by Co-operative Societies.
3. All these denote that it follows democratic principles.
4. Thus, Co-operative society follows democratic principles.
4 views
Answered