Introduction
Background Of The Study
The co-operatives is a very broad topic. It is found throughout the whole world. We found in capitalist countries, in socialist countries and sometimes, countries, which are regarded to have what we called mixed economy. They are found in the developing countries or third world countries.
The owed co-operative that has come tousled as an adjectival noun is from the verb to co-operate or the noun cooperation. The term co-operation can be used as a generic term covering a wild area of activity in which tow or more people join together whether formally or not formally on abhor on legally or illegally or socially accepted or unaccepted action to archive some aims. Su h action may be selfish in nature or by be the public good or in the interest of those performing the action without it being detrimental to any one else. It also use in narrower sense to mean activity undertaking by co-operatives and other self-help organization.
G.J Holyoake, one the foremost British co-operative pioneer, propagandist and author bring out this two meaning succinctly with borders on the definition and characteristics of the co-operative according to Holyoke, co-operative is an organized self help by honest labour and honest trade; the profit been equitably divided among those who created them whether by word of mouth or by brain. That is what we understand as industrial co-operatives.
There is a familiar use of the word co-operation which mean two or more people or thing acting together to produce result as when man and lever gets together to move long or a cat’s paw or employed to pull chestnut form the fire, or as when physician marries the daughter of undertaker with a view to uniting.
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