The basis of a co-operative society is ‘no progress without co-opera

1.	The basis of a co-operative society is ‘no progress without co-operation’. Give reason.
Answer» As the name suggests a co-operative society is established and functions on the basis of co-operation. The members having common interest voluntarily associate with each other to fulfill definite common goals. The primary object is to serve and then to earn profit. These objectives require dedicated selfless efforts, honesty and loyalty. In such a business set-up if members do not possess these characteristics the co-operative society will not progress. Members mainly work for economic upliftment rather than profit maximization. Every member needs to stay focused with the objectives of the co-operative society to progress and attain the goal of coOoperative society. Hence, it is said ‘no progress without co-operation’.

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