1.0INTRODUCTION
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.
A co-operative is always determined by four elements and these are:
iA group of persons with at least one economic interest in common.
iiThe 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
assistance.
iiiThe means to achieve this aim which is to establish a common
enterprise.
ivThe 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.
1.1BACKGROUND 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.
This co-operative society originated from discontent with the adulteration of goods, false weights and measures and high prices prevailing on retail distribution among workers living on or near subsistence level owing to their bargaining power, living on or near subsistence level (Bob lgwe 1993:2) owing to their weak bargaining power in the labour market. The consumer co –operative movement on the true sense was the off-spring of a marriage between the wage camers need of an immediate rise in their standard of living and the aspiration towards a better social order based on the teachings of Robert Owen, Dr Willian king and other social philosophers and pioneers of 18th and 19th century England.
This society started with just twenty eight workers who set out themselves to conquer the world by faith and sheer determination. Much work which led to the success of the first co-operative in Rochale was done by these committed members who believed on mutual help. They were guarded by terms and principles which they knew were going to help them and so in 1852, the industrial and provident societies Act law was passed by the British parliament. But today, we have many co-operative shops and societies in existence.
TABLE OF CONTENTS
COVER PAGE :………………………………………i
TITLE PAGE :………………………………………ii
APPROVAL PAGE:…………………………………iii
ACKNOWLEDGEMENT:……………………………iv
ABSTRACT:………………………………………v
TABLE OF CONTENTS:……………………………vi
CHAPTER ONE
1.0Introduction
1.1Background of the study
1.2Statement of problems
1.3Objectives of the study
1.4The significances of the study
1.5Scope and limitation of the study
1.6Definition of terms
Reference
CHAPTER TWO
2.0Review of Related literature
2.1Nature and meaning of co-operative
2.2Business Enterprises
2.3Activities of co-operative Business Enterprises
2.4Management of co-operative
2.5Business Enterprises
2.6The Necessity of Economics of co-operative
2.7For Ordinary National Diploma
Reference
CHAPTER THREE
3.0Research Design and methodology
3.1Research Design and Population
3.2Sources of Data
3.3Method of Investigation
CHAPTER FOUR
Summary of findings, Recommendation and Conclusion
4.0Summary of findings
4.1Recommendations
4.2Conclusion