What is difference between cooperatives and public sector?
|a. Cooperatives have allowed people who are the producers of raw material and workers to collaborate .These cooperative societies came into existence in the wake of growing poverty, indebetedness of the farmers.Coopeartive society allowed people to pool in their resources allowing them to overcome problems related to credit, marketing etc.
||Public sector: where means of production are owned by the government, it implies industries which are controlled and regulated by government|
|b. Cooperative societies have served as building blocks for the rural poor.It has allowed people to buy in latest technology and expand production.
||. This sector functions for the purpose is offering services to the society.
|c. Example, Weavers cooperatives, farmers cooperatives etc.||Example, railways|