welcome: please sign in

The following 132 words could not be found in the dictionary of 7 words (including 7 LocalSpellingWords) and are highlighted below:
added   all   Also   among   an   and   Another   are   as   Autonomy   back   be   been   but   by   cash   community   Concern   control   Cooperation   cooperative   cooperatives   corporation   credit   dating   Democratic   distribution   dominated   early   economic   economy   Education   equity   extension   for   Further   guide   has   have   hcoop   http   improve   in   independence   information   infrastructure   intended   investments   is   known   largely   limited   Member   member   membership   modified   movement   net   neutrality   New   new   newview   no   not   ntk   of   on   one   One   open   or   original   Originally   other   Owen   participation   Pedia   per   phrased   pioneer   political   principle   principles   Principles   proportion   reading   relatively   relaxed   religious   reserves   return   Robert   Rochdale   se   seen   service   seven   several   should   similar   six   Society   sometimes   somewhat   Soup   spirit   Stone   strengthen   surplus   terms   that   the   There   there   they   They   this   to   trade   trading   training   txt   used   versions   View   Voluntary   vote   was   Wiki   with   words   written  

Clear message


There are seven principles, known as the Rochdale Principles, that guide all cooperatives in the spirit of the original cooperative movement dating back to 1844. They have been modified somewhat and there are several versions sometimes with six or seven principles, but they are all similar in spirit.

  1. Voluntary and open membership.
  2. Democratic control.
    • One member, one vote.
  3. Member economic participation
    • Also, "distribution of surplus in proportion to trade." Another principle sometimes seen is "limited return on equity," in other words, reserves should be used to improve service or infrastructure, not as investments per se. One of the original principles was cash trading--no extension of credit, but this principle has been largely relaxed.
  4. Autonomy and independence.
    • Originally phrased in terms of political and religious neutrality.
  5. Education, training, and information.
  6. Cooperation among cooperatives.
    • A relatively new principle added in 1966, intended to strengthen cooperatives in a corporation-dominated economy.
  7. Concern for community.

1. Further reading

SevenPrinciples (last edited 2008-07-07 04:28:02 by localhost)