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Questions and Answers
What is the definition of a cooperative?
An autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise.
How are cooperatives controlled?
Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors.
What are the different types of cooperatives mentioned in the text?
The different types of cooperatives mentioned in the text are consumer cooperatives, producer cooperatives, worker cooperatives, purchasing cooperatives, and multi-stakeholder or hybrid cooperatives.
What is an example of a multi-stakeholder cooperative mentioned in the text?
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What is the purpose of cooperatives?
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Study Notes
Definition and Purpose of Cooperatives
- A cooperative is a member-owned business organization that operates for the benefit of its members, focusing on mutual aid and collective decision-making.
Control and Management
- Cooperatives are controlled by their member-owners, who have a say in the decision-making process.
Types of Cooperatives
- There are different types of cooperatives, including consumer cooperatives, producer cooperatives, worker cooperatives, and hybrid cooperatives.
Multi-Stakeholder Cooperatives
- An example of a multi-stakeholder cooperative is a housing cooperative, where residents, investors, and employees come together to make decisions.
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Description
Test your knowledge about cooperatives with this quiz! Learn about the principles, benefits, and types of cooperatives while answering questions about their democratic structure and purpose. Discover how these autonomous associations promote economic, social, and cultural development.
