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The Equitable Labour Exchange founded by Robert Owen was located in:

ANew York, USA

BNew Lanark, Scotland

CGray's Inn Road, London, England

DBirmingham, England

Answer:

C. Gray's Inn Road, London, England

Read Explanation:

Equitable Labour Exchange (1832)

  • Equitable Labor Exchange – 1832

  • Established: 3 September 1832

  • Location: England

  • Founder: Robert Owen

Background

  • After the failure of New Harmony (USA), Robert Owen returned to England.

  • He was not discouraged and continued to pursue his cooperative ideas.

  • He started the Equitable Labor Exchange to promote fair trade and worker empowerment.


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  1. In limited liability societies, voting right is decided by the bylaw of the society
  2. In societies with unlimited liability, voting right is limited to one vote per member.
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