Question

Which type of Industrial Co-operative is formed primarily by individual workers who purchase raw materials, manufacture goods on their own, and sell the output to the society for centralized marketing?

• A. Producers' Co-operative Society
• B. Consumers' Co-operative Society
• C. Joint Stock Company
• D. Industrial Co-operative Society (Cottage/Artisan Model)

Answer 1

Answer:

D. Industrial Co-operative Society (Cottage/Artisan Model)

• This model is common among artisans and weavers where production occurs in the members' homes (cottages), but raw materials and marketing are centralized.