Open AccessSOCIAL AND ECONOMIC BENEFITS OF WORKERS IN INDUSTRIAL COOPERATIVE
Author(s) -
C K GOMATHY
Publication year - 2022
Publication title -
indian scientific journal of research in engineering and management
Language(s) - English
Resource type - Journals
ISSN - 2582-3930
DOI - 10.55041/ijsrem11776
Subject(s) - empowerment , agriculture , social security , business , socioeconomic status , economic growth , work (physics) , variety (cybernetics) , sample (material) , economics , socioeconomics , geography , population , sociology , mechanical engineering , chemistry , demography , archaeology , chromatography , artificial intelligence , computer science , engineering , market economy
The impact of cooperatives on socioeconomic growth is discussed in this work. It is based on a countrywide survey that included a sample of 173 cooperatives and 831 cooperative members. The research was conducted using a semi-structured questionnaire. It spanned a ten-year period (2001-2011). The survey's findings show that cooperatives have made significant contributions to the country's economic development in addition to supporting their members by providing a variety of products, services, and benefits such as food security, increased income, improved life style and social participation, and inputs for their agricultural. Furthermore, cooperatives support nearly 15.00 to 29.68 decent jobs on average and spent 28,032.29 to 122,297.7 birr per cooperative per year on wages and salaries. Cooperatives' average contribution to Ethiopian GDP during the last 10 years has been determined to be quite low, ranging from 1.21 percent to 12.27 percent. Cooperatives have failed to make an impact on the socio-economic development of their communities, as evidenced by this study. Country and assist their members in improving their living conditions as a result of the unpaved economy the country's policy KEYWORDS: Cooperatives, Socio-economic Development, Women's and Youth Empowerment