In: Economics
2) Cooperative enterprises are collectively owned, and their affairs are directed through shared governance. Use the preceding theory to discuss the management of some cooperative enterprises with which you are familiar, such as a cooperative dairy, a cooperative apartment building, an Israeli kibbutz, a Hutterite farm, a commune and so on.
Cooperative enterprises are collectively owned by the producers and is controlled by them collectively.
Dairy cooperative is a business which is owned and controlled by the dairy farmers who produce milk used by the cooperative. Owning a cooperative is beneficial for both the dairy farmers and customers in several ways :
Customers get a good and high quality milk.
Cooperative apartment is run by a cooperative society and all the affairs are run collectively. The maintenance and controlling of the apartment affairs are controlled jointly by the cooperative society .
Israeli Kibbutz is an agriculture based collective community managing the affairs of agriculture and production and collectively set the price of agricultural output whcih gives the maximum returns.
Commune is a large gathering of people sharing common life and the affairs and expenses are managed collectively.