Co-operative Societies III

Commerce SSS2 First Term

WEEK 4

Co-operative Societies III

Performance Objectives

The student should be able to:

     1. Discuss the problem of cooperative societies.

     2. State the advantages and disadvantages.

Content

Advantages of Co-operative Societies

The need to form co-operative societies arises because of the following benefits:

1. Stability of trading activities: Members' loyalty to the society keeps the society going. Members patronise society because their dividends are based on how much use they make of the society's activities. Such loyalty makes society's trading activities stable.

2. Democracy in control and management: The society is democratically managed in the sense that each member has only one vote and, thus, equal say in the management of the society.

3.…