Question 29
Business OrganisationsThe basic principles of co-operative societies are those of
- A.active participation of capitalists in the affairs of co-operative societies
- B.worker ownership and worker control
- C.sole proprietorship
- D.partnership
- E.denying of credit facilities to members.
Show the answer and explanation
Answer: B (worker ownership and worker control)
Explanation
Co-operatives are owned and democratically controlled by their own members, who are also the people who work in or use them.