Question

According to the modern concept, what is the guiding principle of co-operation ?

• A. Self help through mutual help
• B. Profit maximization
• C. Individual competition
• D. Government intervention

Answer 1

Answer:

A. Self help through mutual help

Old Concept or Primitive concept of Co-operation:

It is the way of life than a form of business

Modern Concept of Co-operation:

• It is the special method of doing business.
• Guiding principle of co-operation: Self help through mutual help
• Slogan of co-operation or Basic Idea behind Co-operation: Each for all and all for each