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CO-OPERATIVE SOCIETIES
CONTENT- Meaning of Co-operative Societies
- Types of Co-operative Societies
- Advantages and Disadvantages of Co-operative Societies
Meaning of Cooperative Societies
A cooperative society exists when groups of workers, individuals, organizations, farmers or communities pull their resources together towards a common goal. Unlike the partnership form of business organisation, there is no maximum number of persons that can form a co-operative society. The main purpose of the cooperative society is to sell goods and services to members at a cheap rate, and do business together for profit purpose and share the profits among the members.Types of Cooperative Societies
The common types of cooperative societies are: (a) Producers Cooperative (b) Consumers Cooperative(a) Producers Cooperative
Producers form a common association in order to sell their products in a uniform price instead of selling individually, e.g. producers of yam, garri, cocoa etc may form a cooperative society for the selling of their products.You are viewing an excerpt of this lesson. Subscribing to the subject will give you access to the following:
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ClassHall Instructor
Halima Ahmadu
Maryam
Abdul tawwab
Honour Daniel
Wilfred Bassey