Analysis of the Effectiveness of Cooperative Society as a Tool for Satisfying Human Needs
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Department of Cooperative Economics and Management Faculty of Management Sciences, Nnamdi Azikiwe University,
Abstract
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The importance of cooperative societies cannot be overemphasized. Scholars agreed that
it has both micro and macro effects on the economy. The study explores the micro
effects of cooperative society as 1t relates to its effectiveness in satisfying members
needs .A factor analysis was carried out on the response of the members and it was
discovered that two categories of needs can be identified. Descriptive statistics was also
carried out and the findings showed the effectiveness of cooperatives in satisfying human
needs. The study recommended that the welfare of the members should be of priority to
the government and the management of the societies.
Keywords
HF Commerce