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Co-operation · Class 11 Commerce

Ch 3Principles of Co-operation — Class 11 Co-operation, concept-first.

A co-operative society is not just another way of doing business — it is a way of doing business built on a shared idea: that ordinary people, by joining hands voluntarily and working together on fair terms, can meet needs that none of them could meet alone. But an idea alone is not enough to run an organisation.

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Key concepts

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Meaning and Significance of the Principles of Co-operation

The principles of co-operation are broad, universally accepted guidelines that govern how a co-operative society is formed, organised and run, translating co-operative values (self-help, self-responsibility, democracy, e…

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Chapter contents

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Overview

A co-operative society is not just another way of doing business — it is a way of doing business built on a shared idea: that ordinary people, by joining hands voluntarily and working together on fair…

1

Meaning and Significance of the Principles of Co-operation

Principles of co-operation are the broad, universally accepted guidelines that shape the way a co-operative society is formed, organised and run.

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Voluntary and Open Membership

The first principle states that co-operatives are voluntary organisations, open to all persons who are able to use their services and are willing to accept the responsibilities of membership, without…

3

Democratic Member Control

The second principle states that co-operatives are democratic organisations controlled by their members, who actively take part in setting policies and making decisions.

4

Member Economic Participation

The third principle states that members contribute equitably to, and democratically control, the capital of their co-operative.

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Autonomy and Independence

The fourth principle states that co-operatives are autonomous, self-help organisations controlled by their members.

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Education, Training and Information

The fifth principle states that co-operatives provide education and training to their members, elected representatives, managers and employees so that they can contribute effectively to the developmen…

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Co-operation among Co-operatives and Concern for Community

The last two principles look outward — one to other co-operatives, the other to the wider society.

Exercises

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  1. Q1Which of the following bodies frames and maintains the internationally accepted principles of co-operation? (a) The managing committee of ea…Free
  2. Q2The rule of 'one member, one vote' is a direct expression of which principle of co-operation? (a) Voluntary and Open Membership (b) Member E…Free
  3. Q3State whether the following statement is True or False, and justify your answer: 'A co-operative society can accept financial help from the…Free
  4. Q4Explain the principle of 'Voluntary and Open Membership'.Preview
  5. Q5'A co-operative differs from a joint-stock company in the way control is exercised.' Explain this with reference to the principle of Democra…Preview
  6. Q6Explain the principle of 'Member Economic Participation'.Preview
  7. Q7Why is 'Education, Training and Information' regarded as a principle essential for the survival of the co-operative movement?Preview
  8. Q8Explain the principle of 'Co-operation among Co-operatives' with a suitable example.Preview
  9. Q9Distinguish between the co-operative values and the principles of co-operation.Preview
  10. Q10'A co-operative society has responsibilities not only to its members but also to the society around it.' Explain this statement with referen…Preview
  11. Q11List the seven principles of co-operation as laid down by the International Co-operative Alliance, in order.Preview