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A key feature of a cooperative like AMUL is its collective ownership and democratic governance structure, where members—typically farmers—have an equal say in decision-making processes. This cooperative model empowers farmers by allowing them to pool resources, share profits, and participate actively in the management of the organization. AMUL operates on the principle of “from the farmer to the consumer,” ensuring that profits are fairly distributed among its members while also maintaining affordable prices for consumers. Additionally, AMUL emphasizes quality control, product innovation, and effective marketing strategies, contributing to the overall success and sustainability of the cooperative, which ultimately enhances the livelihoods of its members.
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A cooperative like AMUL is an organization that is owned and managed by its members, typically farmers or producers, who come together to make collective decisions for their mutual benefit. In AMUL’s case, dairy farmers collaborate to process and market their milk products, ensuring fair prices and profits are shared among all members. The cooperative model empowers individuals by pooling resources and promoting equality, allowing small-scale producers to compete in the market. This structure fosters community welfare while also ensuring economic sustainability for its members. Therefore option 3 is correct answer.
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