1. What is a cooperative society? (What is cooperative society?)

Answer: The business organization formed by the lower income people of the society on the basis of mutual cooperation in collective effort to protect their interests is called Co-operative Society.

What does producer cooperative society mean? (What is meant by producer co-operative society?)

2. Ans: A number of small producers pool their limited capacity to enjoy the benefits of large scale production and form a co-operative society called a producer co-operative society.

What is consumer cooperative society? (What is consumer co-operative society?)

Ans: Co-operative societies formed by the consumers of a particular area to protect them from the exploitation of middlemen and to obtain quality products at cheaper prices are called consumer cooperative societies.

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