POST GRADUATE DIPLOMA IN CO - OPERATIVE

1. Economic Benefits The following are the Economic Benefits derived out of a Co-operative institution. I. The substitution of profit incentive in business by that of service to the community. II. A more equitable distribution of wealth. III. A break up of monopolistic tendencies. . IV. Increase in purchasing power and real wages to individuals. V. Reduction in cost of distribution system by elimination of unnecessary middlemen. VI. The more accurate correlation of demand and supply. VII. Stabilization of employment. VIII. General improvement in employer, employee relationships. IX. Cheap marketing and processing of farm products at reasonable prices. 2. Social and Political Benefits. The important Social Benefits are as follows: I. To provide a unique education in democracy, responsibility and toleration. II. To train for political power. III. To evolve an industrial relationship among all. IV. To preserve a strong friendly or family spirit. V. To secure rational construction and unifying approaches to social and economic problems. VI. To prevent underemployment and unemployment. VII. To secure moral as well as physical satisfaction of pure quality, correct weight and fair dealings. VIII. To prevent exploitation of man by man. 3. Educational Benefits Following are the important educational objectives or benefits of cooperation. I. The individuals lean by experience gained in practical work of co-operation. II. Co-operation also sponsors education. There are many co-operative schools and colleges formed to provide affordable education and also employment to educated unemployed youths. III. To train the people to take initiatives in organizing IV. To create experts 4. Ethical or moral Benefits Following are the important ethical and moral benefits of cooperation I. The policy of honesty is a necessity in co-operation II. Cooperation returns money value for honesty and other virtues. III. The motto of co-operation is “ each for all and all for each” IV. Co-operation aims at the production of fine human beings.