Exercises · Q9
Q.Distinguish between the co-operative values and the principles of co-operation.
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Start your 14-day free trial to unlock the full solution →Co-operative values and the principles of co-operation are closely linked but not the same thing. The values are the ideals a co-operative believes in; the principles are the guidelines that turn those ideals into practice.
| Basis | Co-operative Values | Principles of Co-operation |
|---|---|---|
| Meaning | The underlying beliefs on which co-operation rests | The broad guidelines that govern how a co-operative is formed and run |
| Examples | Self-help, self-responsibility, democracy, equality, equity, solidarity | The seven ICA principles — voluntary and open membership, democratic member control, member economic participation, autonomy and independence, education/training/information, co-operation among co-operatives, concern for community |
| Nature | Ideals or beliefs — the 'why' of co-operation | Practical rules of conduct — the 'how' of co-operation |
| Relationship | Provide the foundation | Rest on the values and put them into everyday practice |
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