Challenger App

No.1 PSC Learning App

1M+ Downloads
In the words of........................ cooperation is "a form of organisation where in persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves"

AH. Calvert

BHerick

CHorrace Plunkett

DRobert Owen

Answer:

A. H. Calvert

Read Explanation:

In the words of H. Calvert, cooperation is "a form of organisation wherein persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves."

Explanation:

  • H. Calvert was an influential figure in the cooperative movement, and his definition emphasizes the voluntary nature of cooperation, the equality among the members, and the collective promotion of economic interests.

  • This definition captures the essence of a cooperative as a member-driven organization where individuals come together to fulfill shared economic goals while ensuring equal participation and benefits for all members.


Related Questions:

.. serves as an organizational instrument for the economically weaker producers - farmers, artisans or workers and consumers for strengthening themselves and protecting themselves against the exploitation by the stronger.
Under which committees recommendation was the Banking Codes And Standards Board of India formed:
Who described co-operation as a product of socio-economic conditions created by the Industrial Revolution?

Which of these statements are true?

  • Statement 1: No banking Company shall grant any loans or advances on the security of its own shares.

  • Statement 2: Advance against their own shares is not allowed by banks, because these are prohibited under RBI Act of 1934.

Rule connected to the identification card in a Society?