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WAEC Economics 2023 Question 22

Question 22

Business Organisations

Resources are pooled for the mutual benefits of its members mainly in a

  1. A.joint stock company.
  2. B.partnership.
  3. C.private company.
  4. D.cooperative society.
Show the answer and explanation

Answer: D (cooperative society.)

Explanation

Co-operatives pool members' resources for their common benefit.