Cooperative And Other System Of Enterprise

This ppt tell about definition of cooperative and other forms of enterprise: trade union, private, public

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Co-operatives & other systems of
enterprises: Private, Trade
Unionism; Public enterprises
By –
Ansumala
Kumud
Nirdosh
Sikandar

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A/c to J.S. Mill “co-operation transform
human life from a conflict of class
struggle for opposite interest to a fair
rivalry in the pursuit of the common good
of all”

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Cooperative is…
A/C to Dr. R. Phillips “The Co-operative
association is an association of firms or
households for business purposes and
economic institution through which
activity is conducted in the pursuit of the
economic objectives.”

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Co-operative in the eyes of Law
The Indian Co-operative societies Act of
1912 Section 4(c) considers a co-
operative society as,
“a society which has its object the
promotion of the economic interests of
its members in accordance with
co-operative principles.”

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Characteristics of Co-operative
1.It is an association of persons
2.It is an undertaking;
3.It is a voluntary organization;
4.It is a democratic organization;
5.The keynote is service and not profit;
6.The basis is equality;
7.It is based on proportionality or equity;
8.It is a socio-economic movement
9.At the service of both of the members and of
the community.

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0ther Forms of Enterprises
There are three basic forms of enterprises:
Public enterprises;
Trade Unionism enterprises; and
 Private Enterprises.

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The private enterprise is based on the
philosophy of capitalism; the public
enterprise is based on the philosophy of
socialism while trade unionism is based
on the theory of coercion.

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Public Enterprise
Socialism is a socio-economic system in
which material means of production are
owned by public authority or the
community and operates not for profit
but for the service of the community.

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The Essential features of Public
Enterprises
1.All means of production and distribution are
to be owned by the state.
2.No private enterprise is permitted.
3.The state takes the responsibility of
employment.
4.Central planning is the chief instrument of
bringing about socialism.
5.All social services like education, medical
facilities and other welfare services get top
priority and become responsibility of the
state.

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Cont..
6. Each individual gets fixed wages.
7. Profits go to the state.
8. Remuneration is made on the basis of each
according to his ability and each according to
his need.
The keynote of public enterprise is to tender
social service and not to satisfy individual
greed.

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Trade Unionism Enterprise
Trade unions are an essential part of the
modern industrial system. They are the
organized associations of workers for
the promotion of their common interests.
The term trade union refers to the
unification of labour for purposes of
collective bargaining with the employers
with a view to gaining some economic
advantages.

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Cont..
Trade unions, “are the associations of
employed persons for collective
bargaining about their conditions of
employment and for the provision of
benefits, legal defense, and the
promotion of their members’ interests by
bringing pressure to bear on
governments and parliaments and in
certain cases by political action.”

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The Essential features of Trade
Union Enterprise
1.Workers have the right to organize a struggle
directed towards the removal of their
grievances by the employers and achieving
better conditions of work.
2.Trade unions are associations which fight for
the cause of the workers.
3.Associations of individuals who are
economically weak and need to be uplifted.
4.Trade union leaders coerce the employers to
accede to their demands.
5.Employer-Employee relationship.

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Private Enterprise
Capitalism is a system of economic
organization in which business and
industries are organized and carried on
for profit by private enterprises with a
minimum of government interference.

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The Essential features of Private
Enterprises
1.Individualism and personal gain as primary
motives.
2.The private ownership of the means of
production.
3.Private property and inheritance.
4.Competition in the market as the regulator of
price and business activity.
5.Freedom of contract and enterprise.
6.Freedom from state interference.
7.Consumer’s sovereignty.
8.Limited role of government.

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Conclusion
Co-operation as an instrument of
economic development of the
disadvantaged, particularly in the
Exploited persons emphasis during the
successive plans.

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Thank You