From beginner to expert, IDNLearn.com has answers for everyone. Our platform provides prompt, accurate answers from experts ready to assist you with any question you may have.
Sagot :
Final answer:
Cooperatives are economic groups that involve profit-sharing and democratic decision-making. They contribute to local communities and promote cooperation alongside competition for collective benefits.
Explanation:
Cooperatives are economic groups where members share profits and decision-making democratically. They play a significant role in local communities by keeping profits local and providing a space for business and social interactions.
Membership in a cooperative involves benefits and responsibilities like receiving patronage in proportion to use and aligning business strategies with customer needs.
Cooperatives help maintain competition by being cost-efficient while promoting cooperation and sharing among individuals for the collective good.
Learn more about Cooperatives here:
https://brainly.com/question/43228326
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Discover the answers you need at IDNLearn.com. Thanks for visiting, and come back soon for more valuable insights.