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Meaning and advantages of consumer co-operatives.

Answer Text:
(b) CONSUMER CO-OPERATIVES.
- These are formed by a group of consumers to buy goods on wholesome and sell them to the members at existing market prices.
Advantages of consumer co-operatives.
(i) Sell goods of high quality.
(ii) Sell goods to members at fair prices.
(iii) Sell goods to other people at normal prices thereby making more profits.
(iv) Buy goods directly from the producers thereby eliminating middlemen. They are therefore able to make more profit.
(v) Can give credit facilities to the members.
(vi) Can pay interest on capital to the members.
(vii) Sell a variety of goods to the members at a place where they can easily get them.