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Unit 12. Cooperative movement

The cooperative movement was pioneered in Great Britain in the 19th century. It first appeared in Russia about 150 years ago. Although it has been facing a serious challenge for the past 15 years it still remains one of the biggest public and economic organizations of the country. There are about 18 million shareholders in it.

The corner stone of consumer cooperatives is the principle of voluntary membership. Consumer cooperatives work out and realize their own plans for economic and social development. These plans contribute to the development of national economics.

Another principle of cooperatives' work is the principle of self-financing. Consumer cooperatives' profits form the difference between the planned and actual income and spending.

Consumer cooperatives in Russia offer goods and services to rural population. They buy a lot of agricultural products, process them at their enterprises, organize public catering, etc.

The essential part of their activities is retail and wholesale trade. The retail trade of consumer cooperatives is carried out by consumer ' societies.

Centrosoyuz is at the head of consumer cooperatives in Russia. It maintains close links with cooperative organizations in more than 100 countries of the world and plays an important role in the International Cooperative Movement. It is a member of the International Cooperative Alliance (ICA).

Vocabulary Bank

movement

движение

to pioneer

возглавлять, быть первым

challenge

трудность

to remain

оставаться

public

общественный

shareholder

пайщик

consumer

потребитель

voluntary

добровольный

goods

товары

income

доход

spending

расход

profit

прибыль

public catering

общественное питание

society

общество

development

развитие

contribute

вносить вклад

self-financing

самофинансирование

to process

обрабатывать

enterprise

предприятие

retail

розничный

wholesale

оптовый

trade

торговля

Exercises

1. Answer the following questions.

l. When and where did cooperative movement appear?

2. When did cooperative movement appear in Russia?

3. What can you say about cooperative movement in Russia today?

4. How many shareholders are there in Russia now?

5. What is the basic principle of consumer cooperatives?

6. How do consumer cooperatives influence national economics?

7. What does the principle of self-financing mean?

8. How do consumer cooperatives work with the rural population in Russia?

9. What is the essential part of their work in Russia?

10. What organization is at the head of consumer cooperatives?

11. What can you say about its international activities?

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