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Cooperative societies are formed mainly to

...

Cooperative societies are formed mainly to

A.

Assist producers to maximize their profits

B.

Encourage thrift and credit among members

C.

Promote and maintain the welfare of members

D.

Break the monopolies of private companies

Correct answer is C

Cooperative societies are formed with the aim of helping their members. It is often a voluntary association of individuals who come together with the intention of work together and to promote their economic interest.