Question

Which one of the following is not an economic benefits of co- operation?

• A. Eliminating the middlemen and unlawful practices
• B. Protection of the consumer from monopolies
• C. Stabilization of Employment
• D. To prevent underemployment and unemployment

Answer 1

Answer:

D. To prevent underemployment and unemployment

Benefits of co-operation:

A. Economic benefits of co-operation:

1. Service motive rather than profit motive
2. Equitable distribution of wealth
3. Protection of the consumer from monopolies
4. Eliminating the middlemen and unlawful practices
5. Workers are better paid
6. Stabilization of Employment

B. Social benefits of co-operation:

1. To prevent exploitation of man by man
2. To train for Political Power
3. To prevent underemployment and unemployment
4. To provide Education in democracy, responsibility and toleration

C. Educational benefits of co-operation:

• Education produces better co-operatives
• "Sometimes education produces Co-operatives, while sometimes Co-operation sponsors education"

D. Ethical benefits of Co-operation:

• Success of Co-operation, sense of brotherhood and common fellowship and elements of love sacrifice
• Honesty is the necessity of Co-operation