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What are the 4 objectives of the co-op model?

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Final answer:

The four objectives of the co-op model include providing economic service to members, promoting stability and security, ensuring democratic control, and improving resource efficiency.

Step-by-step explanation:

The co-op model has distinct objectives aimed at organizing and operating a cooperative business. The four objectives of the co-op model widely acknowledged are:

  • Providing an economic service to its members.
  • Promoting order, security, and stability within the cooperative community.
  • Ensuring the democratic ownership and control by the members.
  • Improving the efficiency in the use of resources like energy and matter.

These objectives help cooperatives to function effectively as employee-owned businesses. By focusing on the benefits for its members, co-operatives foster a sense of community and shared purpose, often leading to more effective and equitable economic performance. The emphasis on democracy ensures that each member has a say in the business operations, contributing to the stability and security of the co-op. Lastly, efficiency in resource use is crucial in maintaining sustainability and economic viability.

User Amitkumar Jha
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