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Advantages
  • Act as 'schools of democracy' due to their democratic member control.
  • Inclusive and open membership.
  • Facilitate upskilling and capacity building due to their principle of 'education, training and information'.
  • Lower economic vulnerability due to risk pooling.
  • Greater generation of ideas and debate due to existence of multiple owners.
  • Allow for greater input into policy dialogues due to their tendency to federate into larger bodies at national and international levels.
  • Collective action can open up national and international markets, as seen with many examples in the Fairtrade market.
  • Lower input and distribution costs due to greater economies of scale.
Disadvantages
  • possibility of conflict between members;
  • longer decision-making process;
  • participation of members required for success;
  • extensive record keeping necessary;
  • less incentive to invest additional capital
· Disadvantages of workers' co-operatives
  • Meeting both co-operative aims and business needs requires complex management.
  • They can limit your choice of external finance.
  • Employment benefits often can't match those offered by other business types.
  • Workers' co-operatives can enjoy tax incentives, such as employee share schemes, but most small co-operatives find these too costly to run.
Disadvantages
  • possibility of conflict between members;
  • longer decision-making process;
  • participation of members required for success;
  • extensive record keeping necessary;
  • less incentive to invest additional capital
· Disadvantages of workers' co-operatives
  • Meeting both co-operative aims and business needs requires complex management.
  • They can limit your choice of external finance.
  • Employment benefits often can't match those offered by other business types.
  • Workers' co-operatives can enjoy tax incentives, such as employee share schemes, but most small co-operatives find these too costly to run.
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