Discuss in detail the Principles of 1995 Cooperative Statement (ICA, 1995).

The International Cooperative Alliance (ICA) released a set of cooperative principles in 1995, which are considered a crucial landmark in the development of the cooperative movement. These principles serve as guidelines for the functioning of cooperatives worldwide, and they are recognized as the foundation of modern cooperatives. The following are the seven principles of the 1995 Cooperative Statement:

1. Voluntary and Open Membership: Cooperatives are voluntary organizations that are open to all individuals who are willing to use their services and are willing to accept the responsibilities of membership, regardless of their gender, race, social status, political or religious beliefs.

2. Democratic Member Control: Cooperatives are democratic organizations _______ ____ ______ __________ __________ _____ ___ _________ _______ ________.
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