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Q.

Members of a cooperative generate their resources by ____ their resources.


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Detailed Solution

Members of a cooperative generate their resources by pooling their resources.
The members of a cooperative society pool their respective resources together and perform a single economic activity. After production, they sell their produce on the market without the help of mediators. This gives them an advantage over better and higher prices. After all, the crop is sold in the market with less exploitation from mediators at competitive prices. The profits are then distributed to the cooperative society members in proportion to the hard work and resources pooled by each member. Thus, cooperative societies provide a better marketplace and prices for their produce, requiring less investment and resources.
 
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