Question

What is the modern concept of Co-operation ?

• A. It is the practice of donating to charity.
• B. It is the special method of doing business.
• C. It is the act of competing in a free market.
• D. It is the strategy for government intervention in markets.

Answer 1

Answer:

B. It is the special method of doing business.

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