1. MERITS OF CO-OPERATIVE SOCIETY
1. EQUALITY IN VOTING STATUS
2. LIMITED LIABILITY
3. STABLE EXISTENCE
4. ECONOMY IN OPERATIONS
5. SUPPORT FROM GOVERNMENT
6. EASE OF FORMATION
2. LIMITATIONS OF CO-OPERATIVE
SOCIETY
1. LIMITED RESOURCES
2. INEFFICIENCY IN MANAGEMENT
3. LACK OF SECRECY
4. GOVERNMENT CONTROL
5. DIFFERENCES OF OPINION