Cooperatives and Economic Development

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following best describes the primary way cooperatives contribute to economic development?

By promoting equitable distribution of resources and wealth within the community. (correct)
By relying solely on government subsidies for financial sustainability.
By centralizing economic control in the hands of a few individuals.
By maximizing profits for external shareholders.

A key difference between cooperatives and traditional businesses is that cooperatives prioritize profit maximization above all other considerations.

False (B)

Name three key characteristics that define a cooperative.

Voluntary membership, democratic member control, and concern for the community

Cooperatives promote social justice by ensuring fair and equitable treatment, particularly for ______ groups.

<p>marginalized</p> Signup and view all the answers

Match the following Cooperative Management Principles with their description

<p>Member Economic Participation = Members contribute equitably to, and democratically control, the capital of their cooperative. Autonomy and Independence = Cooperatives are autonomous, self-help organizations controlled by their members. Concern for Community = Cooperatives work for the sustainable development of their communities through policies approved by their members. Education, Training, and Information: = Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperatives.</p> Signup and view all the answers