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WAEC Economics 2013 Objective — Question 12

Question 12 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.

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A co-operative society is a

  • A. finance house
  • B. self-help business organizationCorrect
  • C. public corporation
  • D. non-democratic business organization

Explanation

A co-operative society is a form of business organisation in which people pool resources together for their mutual benefit.

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