This is one of the most prominent objectives of all co-operative societies. The membership of cooperative societies is voluntary. 2. Protection from exploitation: One of the most obvious advantages of a co-operative society is the fact that the members are protected from exploitation from middlemen. By: REBAC Staff. The membership of a cooperative society is opentoall. Features: Easy to Form- A cooperative society is a voluntary association and may be formed with a minimum of ten adult members. The Advantages and Disadvantages of Co-op Housing . In this type of society, the land of the individual members is taken by society, but the ownership remains at the members. Anypersonwithcommoninterest can become a member. Explain the meaning, features, merits and demerits of cooperative society. Meaning Of Co-operative Society. Features Of Cooperative Societies Voluntary Association. Disadvantages Of Co-operative Societies. Irrespective management of a co-operative society is democratic. Meaning Of Co-operative Society 2.Features Of Co-operative Society 3. Merits of Co-operative Societies are as Follows:. The following are some of the important advantages of co-operative societies. The UK also has a number of autonomous consumers' cooperative societies, such as the East of England Co-operative Society and Midcounties Co-operative. Co-ops first appeared in New York City in the late-1800s and became popular in Washington, DC in the 1920s. Advantages. Thus, the term cooperation means working together. It has less incentive, and there’s also a possibility of development of conflict between members. The nature of co-operative organization is service oriented. Features: Voluntary association: Everyone having a common interest is free to join a cooperative society and can also leave the society after giving proper notice. Merits and Demerits of Co-operative Society? 4. Cooperative buildings, or “co-ops,” are a unique housing option, typically found in a limited number of U.S. urban markets. It requires members to participate for success. Extensive record keeping is necessary in this form of organization. Advantages and Disadvantages of Cooperative Society Advantages and Disadvantages of Cooperative Society – 12 Points Advantages: The cooperative form of organization offers the following advantages: 1. Types Of Co-operative Societies 4. i. Advantages Of Co-operative Societies 5. Disadvantages of a Cooperative Organization: 1. The cooperative society follows democracy and hence finds support from the Government in the form of low taxes, subsidies, and low interest rates on loans. A cooperative society is a business organization and operated by a group of individuals for their mutual benefit. Advantages and Disadvantages of co-operative societies . 3. 1. Introduction: - A Co-operative society is a voluntary association of people who come together on the basis of unity and equality to protect and promote their common economic interest. Answer: A cooperative society is a voluntary association of persons of moderate means, who unite together to protect and promote their common economic interests. So those who want to work together with some common economic objectives can form a society, which is termed as cooperative society. Posted: 10/29/2018. The world's largest consumers' cooperative is the Co-operative Group in the United Kingdom, which offers a variety of retail and financial services. A cooperative society is a voluntary association of persons of moderate means, who unite together to protect and promote their common economic interests. Then any adult member can join hands to start co-operative society. 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