Which of the following is an investor earns profit on the basis of his patronage?
Answer Details
A co-operative member is an investor who earns profit on the basis of his patronage. A cooperative is an organization owned and operated by a group of individuals who share a common interest or need. The members of a cooperative contribute to its capital and share in its profits based on the amount of business they conduct with the cooperative. This means that the more a member patronizes the cooperative by using its services or buying its products, the more profit they earn. The cooperative model is based on the principle of mutual self-help and is designed to empower individuals and promote community development. Therefore, a co-operative member is an investor who earns profit on the basis of his patronage.