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Co-operatives are businesses owned by their workers or customers, who share the profits. Here are some of the features they have in common. * Open membership * Democratic control (one member, one vote) * Distribution of surplus in proportion to purchases * Promotion of education Mutual associations are similar to co-operatives in that they are 'owned' by their members rather then outside investors. (a) Some financial companies used to be mutual associations. However, building societies in the UK such as the Abbey National and the Halifax converted from being mutual associations to being benks. The Nationwide Building Society has held out against this, so far citing the lower interest rates it can offer to borrowers. (b) Some insurance companies are mutual associations, such as Equitable Life. Again there are no external shareholders to satisfy.
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What is the difference between public enterprise and cooperative societies?
Public enterprise is based on political and ideological theories. Cooperatives are organizations that are managed by a person to take care of the organization's members' needs.
What is the difference between a non-profit corporation and a non-profit association in Indiana?
Associations usually are 501 (c) 4s and charities are 501 (c) 3s. The difference is that 4's cannot accept charitable donations and 3s can.
Difference sociology and economic?
what is the diff between sociology and economics
What is a formal agreement between firms to set prices or to behave in a cooperative manner called?
collusion
What was hoover's vision of partnership between private business associations and government?
he called it the "Associative State"
What is cooperative societies and the types of cooperative societies?
cooperative society is a voluntary association of people for their common economic development. Types: consumer cooperative producers cooperative market cooperative credit cooperative framing cooperative
What is the difference between cooperative and other business organization?
Check
What is the difference between societies and society's?
society is singular and societies is plural
What is the difference between society and societies?
society is singular and societies is plural
What is the difference between public enterprise and cooperative societies?
Public enterprise is based on political and ideological theories. Cooperatives are organizations that are managed by a person to take care of the organization's members' needs.
Enumerate the similarities and difference between cooperative society and joint stock company?
What are the similiarities and differences between cooperative business and joint stock business
What is the difference between state and association?
states have defined territories but associations do not
What is the difference between Hebrew and Sumerian societies revealed in exodus?
Sumerian societies are not mentioned in the Book of Exodus.
What is the difference between a cooperative and a public liability company?
Gummies chips and especuly macarony
What is the difference between cooperative multitasking and preemptive multitasking?
Cooperative multitasking is multitasking tohelp someone else, while peemative multitasking is multiaatsking for yourself.
What is difference between links and association?
links are associated with objects and associations are associated with classes.
Difference between developed and underdeveloped political societies?
Most of the developed political societies are democratic while the underdeveloped political societies are usually dictatorial in nature.
