Which of the following has no limit to its membership?
Answer Details
A cooperative society has no limit to its membership.
A cooperative society is a type of organization that is owned and controlled by its members, who work together to achieve common goals. It is usually formed by a group of individuals who have a shared interest or purpose, such as a group of farmers who come together to market their produce or a group of consumers who want to purchase goods at a lower cost.
One of the key features of a cooperative society is that there is no limit to the number of members who can join. This means that the organization can continue to grow and expand its membership as long as there are individuals or groups who are interested in joining.
In contrast, other types of organizations, such as private limited companies and limited partnerships, may have restrictions on their membership. For example, a private limited company may have a limit on the number of shareholders it can have, while a limited partnership may require a certain number of general partners and limited partners.
Overall, a cooperative society is a flexible and inclusive type of organization that allows individuals and groups to work together towards common goals, without any restrictions on membership.