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Owen is recognized for his role in developing..?

  • Co-operatives

  • Hospitals

  • Telecommunications

  • Railways

Answer

Co-operatives are businesses or organizations owned by their members, who share the profits and losses. Owen played a crucial role in the development of the cooperative movement, establishing the Rochdale Society of Equitable Pioneers in 1844, which became a model for co-ops worldwide. These entities are based on the principles of self-help, self-responsibility, democracy, equality, and solidarity, and aim to provide economic, social, and cultural benefits to their members.
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