ECONOMICS
COMPETITION AND MARKET STRUCTURES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Members can engage in political discussions.
|
|
|
Members are free to open their own businesses.
|
|
|
Members belong to the Democratic Party.
|
|
|
Members make decisions by voting.
|
Detailed explanation-1: -voLUNtAry AND oPeN MeMberShIP Co-operatives are voluntary organisations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.
Detailed explanation-2: -Open and Voluntary Membership Membership in a cooperative is open to all people who can reasonably use its services and stand willing to accept the responsibilities of membership, regardless of race, religion, gender, or economic circumstances.
Detailed explanation-3: -Cooperatives are also based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity. Cooperative members believe in the ethical values of honesty, openness, social responsibility, and caring for others.
Detailed explanation-4: -Seventh Principle-Care for Community: Co-operative society works for steady development of its community, through the policies approved by its members.