Question

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

• A. Stabilization of employment
• B. Rift among Members
• C. A weapon for the promotion of economic interests of the poor.
• D. General improvement in emplοyee - employer relationship

Answer 1

Answer:

B. Rift among Members

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