Financing and Marketing Management

Unit 1 - Cooperation

1.7. Need for co-operation
The need for cooperation arise for more than one reason, these may be economic, social or educational. The benefits one derives from cooperation explain why people like to work together.
The general benefits have been told by David Morse, the former Director General of I.L.O, thus:
“Cooperatives have helped rationalize distribution patterns, increase purchasing power, promote consumer protections, and narrow the housing gap. They have contributed to the modernization of small scale production in agriculture, fisheries, handicrafts and industry. They have made improved quality and greater volume of production and have led to more efficient marketing of increased output. They have stimulated productive capital formulation among large number of individuals. In a wider sense, cooperative growth has thus become an effective stimulant to economic growth.”