Write down the differences between cooperative business and personal business.

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01-03-2022
Social Studies

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Write down the differences between cooperative business and personal business.

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blackshades blackshades · Answer 1 · 2022-03-01T05:16:12-05:00

blackshades blackshades

01-03-2022

Answer:

Personal Business:
■ Controlled & lead by a single person.
■ Main motive is to earn profit.
■ Needs a share capital.
■ There's no equal distribution of power.

Cooperative Business:
■ Controlled & lead by everyone equally.
■ Main motive is to distribute profit to everyone & have equal lifestyle & livelihood.
■ Doesn't need a share capital.
■ There's equal distribution of power among everyone.

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