COOPERATIVE FEDERATION Meaning and
Definition
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A cooperative federation refers to an organization or entity that is formed by a group of autonomous cooperatives. These cooperatives collaborate and unite under a common umbrella to achieve shared goals and objectives. The primary purpose of a cooperative federation is to strengthen the cooperative movement and replicate its benefits on a larger scale.
Within a cooperative federation, each individual cooperative maintains its autonomy and independence while also participating in collective decision-making processes. This allows for cooperative federations to represent and advocate for the interests of their member cooperatives at a regional, national, or international level. By pooling resources, expertise, and experiences, cooperative federations can effectively address common challenges, promote cooperative principles, and enhance the socio-economic well-being of their member cooperatives.
The cooperative federation acts as a support system and provides various services and benefits to its members. These services may include cooperative training, financial assistance, marketing and distribution support, legislative advocacy, and networking opportunities. Cooperative federations also facilitate knowledge sharing and information exchange among member cooperatives to foster collaboration and mutual growth.
Furthermore, cooperative federations often play a crucial role in promoting and representing the cooperative movement in the larger society. They engage in public awareness campaigns, educational initiatives, and policy advocacy to highlight the benefits and impact of cooperatives in achieving sustainable development, social empowerment, and economic equality.
In summary, a cooperative federation is an association of autonomous cooperatives that collaborate to collectively address challenges, support each other, and promote their shared values, principles, and interests within the wider community.
Etymology of COOPERATIVE FEDERATION
The word "cooperative" originated from the Latin cooperatus, which means "to work together". It later evolved into the Late Latin word cooperativus and then into the Old French word coopératif. The term "cooperative" gained popularity in English in the late 18th century as a noun to describe an organization made up of individuals who come together for a common purpose.
The word "federation", on the other hand, comes from the Latin word foederatio, which means "a league or alliance". It has its roots in the Latin word foedus, meaning "a treaty" or "an agreement". The term "federation" became more widely used in the early 17th century in English as a noun to describe a group or organization formed by the union of smaller entities with a common goal, such as a political or economic alliance.
