Principles of a Co-Operative
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Principles of a Co-Operative
- It is owned by all its members. The members each make a contribution to the co-operative (for example, part of a few month’s wages)
- Management makes decisions together with the members
- Management is accountable to the members
- Members themselves decide how to organise the co-operative, for example what the wages and working hours will be
- Profit and loss is divided among the members
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