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______ is the main motive of a cooperative society. - Commercial Applications

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Question

______ is the main motive of a cooperative society.

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Solution

Service is the main motive of a cooperative society.

Explanation:

A cooperative society is formed not to earn maximum profits, but to provide services and benefits to its members. Its guiding principles are self-help, mutual help, equality, and democracy, which means cooperatives exist to protect the common interests of people, especially those who are economically weak.

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Chapter 5: Ownership Structures - Cooperative Society - QUESTION BANK [Page 66]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 5 Ownership Structures - Cooperative Society
QUESTION BANK | Q 6. (iii) | Page 66
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