Co-operative societies formed to market the output of their members are called

Assessment: WAEC SSCE - Economics - 2014 (Objective) Subject: Economics

Question 1 Report

Co-operative societies formed to market the output of their members are called

Answer Details
Co-operative societies formed to market the output of their members are called marketing co-operative societies. These societies are established by small producers who cannot individually bear the costs of marketing their products. By forming a marketing co-operative society, they can pool their resources and market their products collectively, which can help them obtain better prices for their products and reduce the costs of marketing. The society sells the products on behalf of its members and then distributes the profits among them. This type of co-operative society is often seen in the agricultural sector, where small farmers come together to market their crops.

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