Consumer’s Cooperative Society
Whenever the consumers of a particular area collectively establish a cooperative society with a view to purchasing daily necessary commodities at the optimum price this cooperative society is called Consumers’ Cooperative Society. A consumer cooperative is a cooperative business owned by its customers for their mutual benefit. It is a form of free enterprise that is oriented toward service rather than pecuniary profit. Especially for getting purchase opportunity this organization is established. Anyone can’t collect products from this shopping mall except the members as well.
Prof. Noresh Chandra Roy Chowdhury, “The consumers collectively establish this Cooperative society due to get rid of the exploitation from middlemen as well as purchase the commodity relatively low price.”
This cooperative society especially is built-up in the area of Mill-factory, metropolitan, village whereas huge people live. A dividend doesn’t distribute according to the ratio of share rather it is distributed according to the ratio of the purchase value of the whole year. It is the special feature of the cooperative society.