Housing Cooperative Society: This committee is formed to help the members who need lands and houses. State Co-Operative Bank:-These are the main co-operative banks in an every states and provide finance to the all central co-operative … Advantages of Cooperative Society. Learn more about the pros and cons of consumerism by reading through this short list. Consumerism is the study of consumer decisions, including where consumers shop, why they shop and how they make their consumer decisions. 3. Membership in a co-operative organisation is open to all having a common interest. A sale can be made to non-members on the basis of market rate. Goods are sold without adulteration. A cooperative society is different from other forms of business organization because other business organizations like partnership firm or private limited companies work with the sole objective of earning profits whereas in this form of business organization member’s voluntary join the society so to work for the benefit of the members of the society while doing business. Consumer’s Cooperative Store has the following advantages: 1. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers. Consumers form a society to manage the business and profit thus earned is distributed among themselves in proportion of their contribution. The cooperative society eliminates the profit earned by middlemen in the supply of commodities to the consumers. Irregularities found in measurement of goods are avoided. Goods are sold in correct measurement. Advantages . Consumer Cooperative PRESENTED BY: KEYUR DARJI 2. Monopolies are firms who dominate the market. 3. Elimination of middlemen. Either a pure monopoly with 100% market share or a firm with monopoly power (more than 25%) A monopoly tends to set higher prices than a competitive market leading to lower consumer surplus. Keeping the advantages and disadvantages of cooperative business aside, let’s talk about what is cooperative business. Advantages of Consumer cooperative stores. Consumerism in economics is an idea that encourages consumers to acquire and purchase products and services in greater and greater amounts. 7. Its registration is very simple and can be done without much legal formalities. Advantages of Cooperative Societies Ease of Formation. The trading of co-operative stores is made on the basis of cash. This is said to fuel trade and to keep economies alive, but it has also been said to reap negative effects on society. Consumer cooperative 1. Ans: Given below are the types of cooperative societies: Consumer Cooperative Society: Its purpose is to purchase goods directly from the manufacturer and deliver it to the consumers at a reasonable price. Easy to Form- A cooperative society is a voluntary association and may be formed with a minimum of ten adult members. Advantages and Disadvantages of Cooperative Society Advantages and Disadvantages of Cooperative Society – 12 Points Advantages: The cooperative form of organization offers the following advantages: 1. … A consumer cooperative is a retail business which is owned by the consumers themselves. Open Membership. Consumers get goods of good quality. It is a form of free enterprise that is oriented toward service rather than monetary profit. 2. These stores are, in fact, associations organised by consumers […] Cooperative is a form of business ownership in which the profit is shared among the members of business only and not … 5. 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