Question:
Which principle ensures that members of cooperative societies contribute equitably to, and democratically control, the capital of their cooperative?
Which principle ensures that members of cooperative societies contribute equitably to, and democratically control, the capital of their cooperative?
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Think of the keywords: "Contribute equitably... control the capital." Capital and contribution directly relate to Economic activities, pointing straight to Member Economic Participation.
Updated On: Jul 8, 2026
- Member economic participation
- Autonomy and independence
- Education, training, and information
- Concern for community
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The Correct Option is A
Solution and Explanation
Step 1: Understanding the Concept:
The International Co-operative Alliance (ICA) outlines seven principles of cooperation that guide the financial and operational governance of cooperative societies.
Step 3: Detailed Explanation:
- The third cooperative principle, Member Economic Participation, states that members contribute equitably to, and democratically control, the capital of their cooperative.
- A portion of this capital is typically the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership.
- They allocate surpluses for developing their cooperative, setting up reserves, benefiting members in proportion to their transactions with the cooperative, and supporting other activities approved by the membership.
- Autonomy and independence relates to self-governance; Education, training, and information is about skill-building; and Concern for community is about local development.
Step 4: Final Answer
The principle that regulates equitable capital contribution and democratic capital control by members is Member Economic Participation.
The International Co-operative Alliance (ICA) outlines seven principles of cooperation that guide the financial and operational governance of cooperative societies.
Step 3: Detailed Explanation:
- The third cooperative principle, Member Economic Participation, states that members contribute equitably to, and democratically control, the capital of their cooperative.
- A portion of this capital is typically the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership.
- They allocate surpluses for developing their cooperative, setting up reserves, benefiting members in proportion to their transactions with the cooperative, and supporting other activities approved by the membership.
- Autonomy and independence relates to self-governance; Education, training, and information is about skill-building; and Concern for community is about local development.
Step 4: Final Answer
The principle that regulates equitable capital contribution and democratic capital control by members is Member Economic Participation.
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