GCE Economics 2023 Objective — Question 22
Question 22 of 50 from the General Certificate of Education (GCE) Economics 2023 Objective paper, with the correct answer and a full explanation.
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Resources are pooled for the mutual benefit of its members mainly in a A. joint stock company B. partnership C. private company D. cooperative Society
- A. joint stock company
- B. partnership
- C. private company
- D. cooperative SocietyCorrect
Explanation
A cooperative society is a business organisation set up by a group of individuals with common interests who pool resources for their mutual benefit, sharing profit based on patronage.
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