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Which one of the following industries, due to its seasonal nature, is ideally suited to the co-operative sector?  
  • a)
    Sugar
  • b)
    Jute textile
  • c)
    Automobile
  • d)
    Cotton textile
Correct answer is option 'A'. Can you explain this answer?
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Which one of the following industries, due to its seasonal nature, is ...
Introduction:
The co-operative sector is a form of business organization where individuals voluntarily come together to meet their common economic, social, and cultural needs and aspirations. Co-operatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity. They are owned and democratically controlled by their members, who actively participate in setting their policies and making decisions.

Sugar Industry:
The sugar industry is ideally suited to the co-operative sector due to its seasonal nature. Here's why:

1. Seasonal production:
- The sugar industry is characterized by a seasonal production cycle, where sugarcane is harvested during a specific period.
- Co-operatives can effectively manage this seasonality by mobilizing resources and coordinating activities during the harvesting and processing period.
- The co-operative structure allows for the pooling of resources and sharing of costs, making it financially viable to operate during the limited harvesting season.

2. Voluntary participation:
- Co-operatives are formed voluntarily by individuals who have a common interest in the industry.
- In the sugar industry, farmers who grow sugarcane can voluntarily come together to form a co-operative, pooling their resources and sharing the benefits.
- This voluntary participation ensures that all members have a stake in the co-operative's success and actively contribute to its functioning.

3. Fair distribution of benefits:
- Co-operatives are based on the principle of equitable distribution of benefits among members.
- In the sugar industry, the co-operative can ensure that the profits generated from the sale of sugar are shared among the farmers in a fair and transparent manner.
- This helps in reducing income disparities and improving the economic conditions of the farmers.

4. Collective bargaining power:
- Co-operatives provide farmers with collective bargaining power in the market.
- By coming together, farmers can negotiate better prices for their sugarcane with sugar mills and other buyers.
- This ensures that farmers receive a fair price for their produce and are not exploited by powerful intermediaries.

5. Resource mobilization:
- Co-operatives enable farmers to pool their resources and access credit, inputs, and infrastructure collectively.
- In the sugar industry, co-operatives can facilitate the procurement of necessary inputs like fertilizers and machinery, as well as provide financial support to farmers during the harvesting season.
- This helps in improving the overall efficiency and productivity of the industry.

Conclusion:
Given its seasonal nature, the sugar industry is well-suited to the co-operative sector. Co-operatives allow for the effective management of seasonality, voluntary participation, fair distribution of benefits, collective bargaining power, and resource mobilization. By adopting a co-operative approach, the sugar industry can ensure the welfare and empowerment of its farmers, leading to a more sustainable and equitable industry.
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Which one of the following industries, due to its seasonal nature, is ideally suited to the co-operative sector? a)Sugarb)Jute textilec)Automobiled)Cotton textileCorrect answer is option 'A'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which one of the following industries, due to its seasonal nature, is ideally suited to the co-operative sector? a)Sugarb)Jute textilec)Automobiled)Cotton textileCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following industries, due to its seasonal nature, is ideally suited to the co-operative sector? a)Sugarb)Jute textilec)Automobiled)Cotton textileCorrect answer is option 'A'. Can you explain this answer?.
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