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Question
Justify the following statement.
Co-operative society follows democratic principles.
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Solution
- The members of a Co-operative organisation form the general body which manages the co-operatives. This body exercises power through annual general meetings. They elect their representatives who look after the day to day management which is collectively known as Managing Committee.
- ‘One member One vote’ is the principle followed by Co-operative Societies.
- All these denote that it follows democratic principles.
- Thus, Co-operative society follows democratic principles.
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