Co-operatives

Question 1

What is a co-operative

Answer 1

Firms owned, controlled, and operated by a group of people who share the same goals.
Each member contributes capital and shares in the control of the firm on the basis of one-member, one-vote principle (and not in proportion to his or her capital contribution).

Question 2

What are the two types of co-operatives?

Answer 2

workers so-operative and consumer co-operative.