Question on: JAMB Economics - 2017
The basic principle of cooperative societies is to ________
A
maintain the integrity of their members
B
protect the interest and pursue the welfare of members
C
ensure better working conditions for members
D
provide voluntary services to the members
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Correct Option: B
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.
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