Question

Term 'principle' is derived from the Latin word 'principium' which means ----.

• A. law
• B. basis
• C. agreement
• D. doctrine

Answer 1

Answer:

B. basis

Evolution and Developments of co-operativeprinciples:

• Term 'principle' is derived from Latin word 'principium' which means basis. 

• The principle is a governing law of conduct and settled rule of action

• According to ICA co-op principles means - Those practices which are essential and indispensable to the achievement of co-op movement purpose.