The cooperative society eliminates the profit earned by middlemen in the supply of commodities to the consumers. Easy to Form- A cooperative society is a voluntary association and may be formed with a minimum of ten adult members. Advantages of Cooperative Society. A co – operative society is a voluntary association and may be formed with a minimum of ten adult members. Consumers form a society to manage the business and profit thus earned is distributed among themselves in proportion of their contribution. What are the advantages and disadvantages of monopolies? Consumerism is the study of consumer decisions, including where consumers shop, why they shop and how they make their consumer decisions. Keeping the advantages and disadvantages of cooperative business aside, let’s talk about what is cooperative business. Their basic objective of establishing cooperative stores is to eliminate middlemen. 2. Advantages of Cooperative Societies Ease of Formation. Central Co-Operative Bank:-This banks are operate in district level and provide a financial services and control the primary co-operative societies of a district. It makes bulk purchases directly from the producers and sell these goods to its members on retail basis. Its registration is very simple and can be done without much legal formalities. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers. A consumer cooperative is a retail business which is owned by the consumers themselves. In this process, consumers have certain advantages that help them purchase items for the lowest possible market price, but also specific disadvantages that influence them to spend more money and purchase additional items. Cooperative is a form of business ownership in which the profit is shared among the members of business only and not … Advantages . It is a form of free enterprise that is oriented toward service rather than monetary profit. Introduction A consumer cooperative is a cooperative business owned by its customers for their mutual benefit. Advantages and Disadvantages of Cooperative Society Advantages and Disadvantages of Cooperative Society – 12 Points Advantages: The cooperative form of organization offers the following advantages: 1. 3. 4. Consumers get goods of good quality. Consumer cooperative 1. 3. 6. Irregularities found in measurement of goods are avoided. 2. Advantages of Consumer cooperative stores. Consumer Cooperative PRESENTED BY: KEYUR DARJI 2. 7. Consumer cooperatives offer the following advantages: 1. State Co-Operative Bank:-These are the main co-operative banks in an every states and provide finance to the all central co-operative … Cooperative Business. The cooperatives society supplies goods and services to the members at the wholesale price. … Consumer’s Cooperative Store has the following advantages: 1. Elimination of middlemen. Monopolies are firms who dominate the market. Open Membership. These stores are, in fact, associations organised by consumers […] This is said to fuel trade and to keep economies alive, but it has also been said to reap negative effects on society. Either a pure monopoly with 100% market share or a firm with monopoly power (more than 25%) A monopoly tends to set higher prices than a competitive market leading to lower consumer surplus. The trading of co-operative stores is made on the basis of cash. Housing Cooperative Society: This committee is formed to help the members who need lands and houses. Goods are sold without adulteration. Learn more about the pros and cons of consumerism by reading through this short list. Goods are sold in correct measurement. 5. Ans: Given below are the types of cooperative societies: Consumer Cooperative Society: Its purpose is to purchase goods directly from the manufacturer and deliver it to the consumers at a reasonable price. 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