Question

Which of the following doesn't come under the demerits of Co-operation ?

• A. Inefficient Management
• B. Lack of Motivation
• C. Removes the evils of capitalism
• D. Rift among Members

Answer 1

Answer:

C. Removes the evils of capitalism

Merits of Co-operation:

• It removes the evils of capitalism

• It is a weapon for the promotion of economic interests of the poor.

• Co-operation helps the growth of real democracy.

• One man, one vote is the principle of Co-operation.

• Co-operation fosters thrift, self help and mutual aid.

• Stabilization of employment

• The fair treatment of all labor and general improvement in employer - emplοyee relationship

Demerits of Co-operation:

• Lack of Capital

• Inefficient Management

• Lack of Motivation

• Lack of Secrecy

• Rift among Members