Definition:
According to the International cooperative alliance, "A cooperative is an association of persons united voluntarily to meet their common economic, social and cultural need."
Principles of Cooperation:
- Voluntary and open membership
- democratic member control
- member's economic participation
- Autonomy and Independent
- Education, training and information
- cooperation among cooperatives
- Concern for Community
Types of Cooperatives:
- Marketing Cooperatives
- Processing Cooperatives
- Cooperative sugar mills
- Dairy Cooperatives
- Fertilizer Cooperatives
- Industrial Cooperatives
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