What are the objectives of a cooperative form of organisation? Explain its merits and limitations.

### Objectives of a Cooperative Form of Organisation

A cooperative form of organization is a business model where individuals or entities come together to achieve common economic, social, or cultural goals through collective efforts. The objectives of a cooperative organization typically include:

1. Mutual Benefit: Cooperatives are formed to provide mutual benefits to their members. Each member has a say in the management and shares in the profits or benefits derived from the cooperative’s activities. The primary objective is to improve the economic and social well-being of its members.

2. Collective Ownership and Control: Cooperatives operate on the principle of democratic control. Each member typically ________ ______ __________ _________ _______ ___ _____.
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