In a society, where joint family system is disintegrating fast, co-operatives may also be looked upon as an alternative social support mechanism. Democracy vs efficiency Many of the practitioners and thinkers of co-operative structure are facing the dilemma of finding a delicate balance between democracy and efficiency as the two are often considered mutually exclusive of each other.
But in order to restore the credibility of co-operatives in the eyes of the public, it is essential to get our priorities right.