The voting power in co-operative societies is vested on

Assessment: JAMB UTME - Economics - 2014 Subject: Economics

Question 1 Report

The voting power in co-operative societies is vested on
Answer Details
A cooperative is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise" (Wikipedia, The Free Encyclopedia). These persons or members are shareholders with equal rights and voting is one person one vote irrespective of the member's contributions or position.
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