What are the roles of cooperatives - SS1 Economics Roles of Cooperatives Question

Some of the roles of cooperatives include:

• Providing goods and services: One of the primary roles of cooperatives is to provide goods and services to their members, such as agricultural products, financial services, health care, housing, and energy.

• Creating jobs and income: Cooperatives can create jobs and generate income for their members by providing employment opportunities, access to credit, and markets for their products or services.

• Promoting social and economic development: Cooperatives can promote social and economic development by providing resources and services that improve the well-being of their members and communities, such as education, health care, and community development.

• Fostering democratic participation: Cooperatives foster democratic participation by giving members a voice and a vote in the decision-making process. This helps to ensure that the interests of all members are represented and that decisions are made in the best interests of the cooperative as a whole.

• Supporting sustainability: Cooperatives can support sustainability by promoting environmentally responsible practices and investing in renewable energy, conservation, and other sustainable practices.