WAEC - Economics (2022 - No. 4)
Cooperative societies are formed mainly to
break the monopolies of private companies
encourage thrift and credit among members
assist producers to maximize their profits
promote and maintain the welfare of members
Erläuterung
Cooperative societies are formed with the aim of helping their members. It is often a voluntary association of individuals who come together with the intention of work together and to promote their economic interest.