Cooperative societies are formed mainly to

Economics

WAEC 2022

A. break the monopolies of private companies
B. encourage thrift and credit among members
C. assist producers to maximize their profits
D. promote and maintain the welfare of members

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Correct Answer: Option D

Explanation

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.

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Cooperative societies are formed mainly to

Correct Answer: Option D

Explanation

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