1.4.3 Co-operative Sectors Business Organisation
Co-operative sector are also known as non-capitalist organisations. In such organisations, we see co-operation in place of competition and service in place of profit-making. “Each for all and all for each” is the principle of such organisations. Co-operative organisations represent united and collective action for the general benefit of all members in any branch of economic activity. These again may be sub-divided into co-operative societies or cooperative stores.
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