THE IMPORTANCE OF STUDYING ECONOMICS OF CO-OPERATIVE BUSINESS ENTERPRISES AS A QUALIFYING SUBJECT FOR THE WARD OF OND IN CO-OPERATIVE ECONOMIC AND MANAGEMENT. A RESEARCH PROJECT MATERIAL ON CO-OPERATIVE ECONOMICS
A co-operative society is an association of persons who have voluntary joined together to achieve a common end through the formation of a democratically controlled organization making equitable contributions to the capital required and accepting a fair share of the risks and benefits of the undertaking in which the members actively participate (L.L.O 1960).
The term co-operative is often used to mean the activities of a specific form of organization, that is any form of persons working together to achieve some aim or aims on a formal basis.
i A group of persons with at least one economic interest in common.
ii The self-help motivation, that is, the aim of the group which is to meet
the common need of members by joint action based on mutual
iv The main objectives of this co-operative enterprise is to perform
services . The promotion of the economic interest of the members.
The attitude of people students and the society in general especially the ignorant ones towards co-operative society today is not encouraging and this has prompted the researcher to carry out study on the importance of studying the course by students so that they may contribute to the knowledge of co-operative after their stay on school and to make known to the outside world the impact of co-operative societies.
1.1 BACKGROUND OF THE STUDY
The first successful co-operative society is caused the Rochadale society of equitable pioneers was established in Rochdale an industrial town close to Manchester. The Friendly Societies Act registered the society on October, 28th 1844.