What are the advantages and disadvantages of service cooperative?

Answer 1

Advantages:

- No single individual has to set up the business themselves, they have the support and money of other workers.

- If the business was to enter financial difficulties, the workers could put together their own money, and because of how many workers there usually are in a producer cooperative, they may be able to pay of the debts and relieve the business of its financial difficulties.

Disadvantages:

- If a decision had to be made about a certain issue, one worker isn't able to make the decision, they would have to get the opinions of all the workers before making a final decision. This can be very time consuming.

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