• A co-operative is an incorporated business unit that is owned by and run for the economic welfare of its members. The members join together to do collectively what they were previously doing individually for mutual benefit.

In this episode we go over the Co-operative type of business unit covering the following:

1. Principles of co-operatives
2. Features of co-operatives
3. Formation
4. Management
5. Types of co-operatives
6. Advantages
7. Disadvantages
8. Dissolution

Disclaimer: Majority of this information will be derived from a course text I used in High School in my business studies class called "Investor 2". This information is still however relevant to date.