PRC-3 · Chapter 2 · Question 40 of 61
A group of independent wheat farmers pool their money to build a shared grain storage facility. They operate the facility democratically (one member, one vote) for their mutual benefit. This organization is a:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Cooperative Society
Explanation
A cooperative is formed by individuals who unite voluntarily to meet common economic needs through a jointly-owned and democratically-controlled enterprise.
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