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Which of the following are new principles of Cooperation?

a) Democratic Member Control

b) Concern for Community

c) Education, Training, and Information


1. a only
2. b only
3. b and c both
4. All of the above

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Correct Answer - Option 4 : All of the above

The correct answer is All of the above.

  • Cooperative:
    • A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
  • Cooperative values :
    • Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity.
    • In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility, and caring for others.

  • Cooperative Principles:
    • The cooperative principles are guidelines by which cooperatives put their values into practice.
      • Voluntary and Open Membership
      • Democratic Member Control
      • Member Economic Participation
      • Autonomy and Independence
      • Education, Training, and Information
      • Cooperation among Cooperatives
      • Concern for Community

  • The statement on the Cooperative Identity states that a cooperative is an “autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise”. 
  • The International Cooperative Alliance (ICA) is the global steward of the Statement on the Cooperative Identity – the Values and Principles of the cooperative movement.
  • In 1995, the ICA adopted the revised Statement on the Cooperative Identity which contains the definition of a cooperative, the values of cooperatives, and the seven cooperative principles as described above.

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