what is the definition of cooperative society

Dear Student
Co-operative society is voluntary cooperation between people for their mutual social, economic, and cultural benefits.it is defined as the organization which is jointly owned and engaged in the production and distribution of various goods for the mutual benefit of its members. These include NGO's, business which is owned and managed by its members who use their own service. 
two examples are:- KRIBHCO, AMUL  

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