Principles of Co-operation

PRINCIPLES OF CO-OPERATION

  • The co-operative principles are guidelines by which co-operatives put their values into practice. Cooperative movement made its first appearance in England.
  • It was started to give relief to persons exploited by middlemen during the Industrial Revolution. About 28 poor weavers of Rochdale came together with the capital of one pound each to open a small retail shop in 1844.
  • They adopted a set of rules, which was later known as Rochdale Principles and was accepted worldwide as the cooperative principles.

Last modified: Friday, 1 October 2010, 6:53 AM