Question

The principle “Concern for Community” emphasizes:

• A. Open membership
• B. Limiting capital contribution of members
• C. Sustainable development of communities, socially and culturally
• D. Maximizing profits for members

Answer 1

Answer:

C. Sustainable development of communities, socially and culturally

The “Concern for Community” is one of the seven ICA Co-operative Principles. It focuses on ensuring that cooperatives contribute positively to the communities they operate in. This includes promoting social, cultural, and economic development, rather than only prioritizing individual profits. Cooperatives following this principle aim for a balance between member benefits and community welfare.