Throughout human history many activities have always been undertaken by groups rather than individuals because this was a better and more economic way. Since the beginning of human society man has cooperated first in foraging and then in hunting, later in agriculture and still in manufacturing. There is practically nothing which a man by himself alone can achieve but acting together with others. Data compiled by International Cooperative Alliance (ICA) indicated that cooperatives have increasingly become the sources of secured employment and income for millions of the world''s population. Over 800 million people are members of different cooperative societies in the world in 1994 and the United Nations (UN) has estimated that the livelihood of nearly half of the world''s population, 3 million people, was secured by cooperative enterprises.