State Whether the Following Statement Are True Or False (Give Reason)
The main purpose of a cooperative organization is to earn profit.
This statement is False.
- The main motive of a cooperative organization is to render service to its members and weaker section of the society.
- In cooperative organization people come together on the basis of equality and unity for the purpose of promoting and protecting common interest. Thus we can say that, the main purpose of a cooperative organisation is not to ear profit but to render service.
Concept: Concept of Cooperative Societies
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