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Answer» Democratic management: The business of co-operative society is managed by the committee elected by the members. - The basic element on which the co-operative democracy works is ‘One man one vote’. Here, one man or say one member may have 10,000 shares of the society and another may have only 1 share still both have the right of one vote only i.e. equal voting right. In this regard we can say that in a co-operative society it is the ‘person’ that counts and not the money he has or holds in the society. Whereas in companies a person is allowed the number of votes based on the number of shares he holds.
- Any member can contest the election of executive committee, participate in management, etc.
- Hence, we can say that the management of a co-operative society is truly democratic and also that the society is a training school of democracy where one can learn ideal principles of democracy.
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