JAMB - Economics (2017 - No. 37)
The basic principle of cooperative societies is to ________
maintain the integrity of their members
protect the interest and pursue the welfare of members
ensure better working conditions for members
provide voluntary services to the members
Explanation
A cooperative society as a voluntary business organization in which a group of individual with common interest pool their resources together to promote the economic welfare of the members in production, distribution and consumption of goods and services.