COOPERATIVES

1. Advantages

1.1. Incentives to work

1.2. Decision-making power

1.3. Social benefits

1.4. Public support

2. Disadvantages

2.1. Disincentive effects

2.2. Limited sources of finance

2.3. Slower decision-making

2.4. Limited promotional opportunities

3. Consumer

3.1. Owned by the customers who buy the goods and/or services for personal use.

3.2. Eg: food,credit unions(financial services) and health-care cooperatives.

3.3. Members get access to goods and services at lower price.

4. Worker

4.1. Set up, owned and organized by their employee members .

4.2. Eg:cafes, printers ,tourism and communications

4.3. By operating as an enterprise,members are provided with work

5. Producer

5.1. Join and support each other to process or market their products.

5.2. Eg : farmer cooperatives