Does a co-operative perform as well as a traditional private enterprise?
Yes. In some studies comparing co-operatives and credit unions with private enterprises operating in the same economic sector, co-operatives have been shown to survive significantly longer and offer better quality products and services. That’s because members know that the business belongs to them. They understand their local community and local needs. The more support members generate for the co-operative initiative, the greater the surplus at the end of the year, and the more they can increase their income.
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