Co-operation · Class 11 Commerce
Ch 1Co-operation - Meaning, History, Features and Importance — Class 11 Co-operation, concept-first.
Co-operation is the opening chapter of the Maharashtra State Board (MSBSHSE) Std XI Commerce elective subject 'Co-operation', and it lays the foundation for everything that follows in Std XI and Std XII.
Key concepts
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Meaning and Definition of Co-operation
The word 'co-operation' comes from the Latin 'co' (together) and 'operari' (to work), literally meaning 'to work together'.
Most relevant Q&A
- The word 'co-operation' is derived from two Latin words meaning: (A) 'money' and 'trade' (B) 'together' and 'to work' (C) 'people' and 'soci…Free
- Define co-operation and state its basic principle.Free
- In a village, twenty small farmers are each borrowing money from a local moneylender at a very high rate of interest, and many are falling i…Free
Chapter contents
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Overview
Co-operation is the opening chapter of the Maharashtra State Board (MSBSHSE) Std XI Commerce elective subject 'Co-operation', and it lays the foundation for everything that follows in Std XI and Std X…
Meaning and Definition of Co-operation
In everyday language, co-operation simply means people helping one another to get something done — neighbours helping at a wedding, students working together on a project, villagers repairing a common…
History and Origin of the Co-operative Movement
The modern co-operative movement was born out of the hardship caused by the Industrial Revolution in Europe during the late eighteenth and early nineteenth centuries.
The Co-operative Movement in India
In India, the co-operative movement was born mainly to rescue the Indian farmer from the grip of the moneylender.
The Co-operative Movement in Maharashtra
Among all the states of India, Maharashtra is regarded as the leading state in the co-operative movement.
Features of Co-operation
A co-operative organisation is set apart from other forms of business — such as a sole proprietorship, a partnership, or a joint stock company — by a distinctive set of features.
Importance of Co-operation
Co-operation is important not only as a form of business but as a force for the economic and social betterment of ordinary people. Its importance can be studied under economic and social heads.
More questions
12 Q+−Show 5 questionsHide questions5 questions
- Q1The word 'co-operation' is derived from two Latin words meaning: (A) 'money' and 'trade' (B) 'together' and 'to work' (C) 'people' and 'soci…Free
- Q2The successful modern co-operative movement is regarded as having begun with the Rochdale Pioneers in England in the year: (A) 1844 (B) 1904…Free
- Q3The first co-operative law in India, marking the formal beginning of the organised co-operative movement in the country, was the: (A) Co-ope…Preview
- Q4The first co-operative sugar factory in India was established in 1950 at: (A) Warananagar (B) Kolhapur (C) Pravaranagar (Ahmednagar district…Preview
- Q5Which of the following is the guiding voting principle of democratic management in a co-operative society? (A) One share, one vote (B) One m…Preview