State four principles of cooperative societies.

1. Voluntary and open membership: Cooperative societies are open to all individuals who are willing to accept the responsibilities of membership, without discrimination based on race, gender, religion, or social status.

2. Democratic control: Members of cooperative societies have equal voting rights and participate in the decision-making process of the organization. Decisions are made on a one-member, one-vote basis, ensuring that all members have a say in the governance of the cooperative.

3. Economic participation: Members of cooperative societies contribute equitably to the capital of the organization and share in the profits or benefits generated by the cooperative. This principle ensures that members have a stake in the success of the cooperative and are rewarded for their contributions.

4. Autonomy and independence: Cooperative societies are autonomous, self-help organizations controlled by their members. They operate independently of external influences and make decisions based on the needs and interests of their members. This principle ensures that cooperatives remain true to their values and objectives, even in the face of external pressures.

1. Voluntary and Open Membership: Membership is open to all individuals who can utilize the society's services and are willing to accept the responsibilities of membership.
2. Democratic Control: Members have equal voting rights and participate in decision-making through general assemblies or elected representatives.
3. Distribution of Surpluses: Any surplus generated by the cooperative is distributed among members in proportion to their contributions or patronage.
4. Education, Training, and Information: Cooperatives promote education, training, and information sharing among members, employees, and the wider community.

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