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What is the simple meaning of a cooperative?

Answer and explanation

Correct answer: People work together and share benefits

In a cooperative, people voluntarily work together to meet common needs and share the benefits among members. Therefore, option A is correct. In option B, the benefit is kept by one person, which is contrary to the principle of cooperation. Exam tip: remember ‘shared work’ and ‘shared benefit’ as key features of a cooperative.

Related tags

CooperativeCooperationShared BenefitsSocial ChangeHistory Class 9The Age Of Social ChangeSocialism In Europe And The Russian RevolutionHistory

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