In meeting their members needs co-operatives enhance incomes and secure livelihoods for their members and their communities. There are a number of political and socioeconomic advantages in relation to the co-operative movements in Botswana.
Role Of Cooperatives In Socio Economic Development
Co-operatives act as an important role in community development in rural northern and remote communities in Canada.
What are the roles of cooperatives in economic development. In recent times the importances of cooperatives have come into focus in West Africa countries. In spite of such potential roles many. Cooperatives are already playing a strong role in.
The research concludes that the cooperative model can play a key role in the economic social and cultural development of a community. The Role of the Cooperatives in social and economic development in Africa. It therefore led to the formation of various consumer co-operatives in Nkwere local government with the existence of these consumer co-operative societies in Nkwere income per capital of people was increased and the co-operatives have come to rescue the people and have contributed to the development of the economy of the people.
This paper examines the role of cooperative societies in economic development. Cooperatives society origin is traced to the Rochadale Pioneers of 1844. Cooperatives play a major self-help role in rural areas particularly where private businesses hesitate to go and public authorities do not provide basic services.
Often not cooperatives are acknowledged as playing a role in community economic development cooperatives are essentially a response to community development opportunities or challenges. By their very nature cooperatives play a triple role. The cooperation has been believed to be important for the people of Botswana.
The paper is a descriptive survey which involves the collection of data for the purpose of describing the role of cooperative societies in economic development. ROLE OF CO-OPERATIVE IN ECONOMIC DEVELOPMENT Co-operative makes possible to organise resources on the basis of mutual help and for sharing benefits by avoiding any kind of exploitation. The progress of cooperatives in the country in the past could be seen in Table 1 along with the share of cooperatives in the different facets of development of the Indian economy.
In the service provision cooperatives make decisions that balance the need for profitability with the welfare of their members and the community which they serve. Create opportunity for employment income generation and increase the availability of goods and services all of which also contribute to economic growth. The Role of Cooperative Societies in Economic Development access or broadening market opportunities improving product or service quality securing credit from financial institutions and increasing income RBCDS 1995.
Many scholars have argued that cooperatives could play crucial roles in the socio-economic developments of the country if they are formed voluntarily and managed democratically. Cooperative societies are a unit of business organization. The case of Botswana.
Cooperative movement to be important for the socio economic transformation of the society. Establishing and strengthening an enabling environment for the cooperative business model through necessary policies. There is always emphasis on equitable distribution of wealth.
As economic actors they create opportunities for jobs livelihoods and income. Cooperatives are able to contribute positively towards job creation income generation resource mobilisation marketing. The cooperation as thought about by the governments can.
To a great extent they have fulfilled their role. Streamlining and strengthening the management of Cooperative societies. As to Adugna 2013 cooperatives are considered as an appropriate tool for rural development.
Suited for economic development Gertler 2001. The aim is to investigate the ways in which cooperatives can act as agents towards sustainable community development. They provide a means for addressing many social and.
As cooperatives foster economies of scope and scale they.
