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A cooperative society is a voluntary association which characteristic is highlighted the given lines . class 11th business study?
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A cooperative society is a voluntary association which characteristic ...
Introduction
A cooperative society is a type of organization in which individuals voluntarily come together to form a business that is owned and managed by its members for their mutual benefit.

Voluntary Association
A cooperative society is a voluntary association because it is formed by individuals who come together voluntarily to achieve a common goal. The members of the cooperative society are free to join or leave the society at any time.

Democratic Control
Cooperative societies are characterized by democratic control. Each member of the cooperative society has an equal say in the decision-making process of the society. This means that decisions are made by the members themselves and not by a single individual or a group of individuals.

Ownership and Management
In a cooperative society, the members are the owners and managers of the business. This means that the members have a direct stake in the success of the society and are responsible for its management.

Mutual Benefit
The primary objective of a cooperative society is to provide mutual benefits to its members. This means that the society is established for the purpose of meeting the economic, social, and cultural needs of its members.

Conclusion
In conclusion, a cooperative society is a unique type of organization that is characterized by voluntary association, democratic control, ownership and management by its members, and mutual benefit. It is an effective way for individuals to come together to achieve a common goal while also meeting their individual needs.
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A cooperative society is a voluntary association which characteristic is highlighted the given lines . class 11th business study?
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A cooperative society is a voluntary association which characteristic is highlighted the given lines . class 11th business study? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A cooperative society is a voluntary association which characteristic is highlighted the given lines . class 11th business study? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A cooperative society is a voluntary association which characteristic is highlighted the given lines . class 11th business study?.
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