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• INTRODUCTION
  • BACKGROUND OF THE STUDY
  • OBJECTIVE OF THE STUDY
  • STATEMENT OF THE PRINCIPLES
  • DEFINITION OF TERRMS

Capitalism is seen as an economic system or market economy was there is free allocation of market resources and free private participation in economic activities. The capitalist concept is manifested in the early 19^th century, the period of industrial revolution. Since this period to the present date, capitalism has controlled the economic of some developed countries and the undeveloped ones, such countries include Europe, South Africa, America, Israel, Japan, and Nigeria. Despite the effort of the government to help these countries to regulate the excess of capitalism.    In the wake of the excesses of capitalism, which resulted, the suffering of the poor masses, co-operative emerged. The co-operative concept tends to oppose the capitalists mod of business practices. Co-operative is a movement, which aims at bringing better living to the poor by returning to them the best economic power and dignity of laboure. This they lost through the shrewd influence of capitalism. This research work was carried out in three commercial towns in Abia state. This piece of work analyses the opportunities that exist for the co-operative alongside with the threats existence of capitalism.

CHAPTER ONE:

1.1 The background of the study

1.2 Statement of problems

1.3 Purpose  of study

1.4 Significance of study

1.5 Limitation of study

1.6 Definition of terms

1.7 Reference

CHAPTER TWO:

2.0 Review related to literature

2.1 The concept of capitalism

Capitalism in the Nigeria concept

The co-operative concept

Opportunities of the Abia co-operative federating in a capitalist economy

Threats capitalism has posed on Abai co-operative federation

Solution to the constraints of Abia co-operative federation

Reference

CHATER THREE:

Research methodology

3.1 Area of study

Population of the study

Inurnment for the data collection

Method of data collection

Method of data analysis

CHAPTER FOUR

Presentation of data

Data analysis

CHAPTER FIVE

Summary of the findings

Conclusion

Recommendation

Biography

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY

There are different economic systems, which exist in the world economy. Among these systems, three types are prominent namely, Socialist, capitalist, Mixed Economic system. The socialist system is seen as a type of economy where all the activity and sector of the economy are controlled by the government. This implies that there is government ownership on every investment in the system. Today, socialism is giving in to other type of economic system in that most countries of the world that practice socialism are losing their holds in the economy of their respective country. The union of soviet socialist republic (U.S.S.R) is a good example of such dwindling socialist country.

Capitalism on the other hand is a reserve of what is obtainable in a socialist economy. This is because capitalism is seen as an economic system whose individual controls the economic activities of the country. It is characterized by an interplay of the market force , E.I. force of demand and supply, cut the throat competition and indiscriminate like in the price of goods and services.

A mix economy is an economic which comprises the features of the socialist and the capitalist economy. In a mixed economic system, there is joint ownership of the factors of production by the government and private entrepreneurs. The private interprise takes count of the key service, which is special to the masses. It is too exhurbitant to procure or reserve for the social class. The government therefore takes charge of the administration. Statutory service in a mixed economy system. The individuals on the other hand exercises the legal right of embarking on any type of business enterprise as the demands

This price work emphasis on how capitalist system of economy affects the co-operatives society and the opportunity they have to excel. In there drive towards archiving their set objectives, they face a lot of challenges especially those that are posed by the capitalist businessmen. The project look into he very nature of capitalism and its general principles as it affects the growth of the co-operative society is analyzed.

Co-operative started as a proverbial necessity being the mother of invention. It arose in the 19^th century out of the atrocities of the shrewd capitalist businessmen. The adulteration of the commodities , the use of false weight, unemployment was rife, wages were extremely low and below the subsistence level among others. This is because capitalist businessman is aimed at maximizing profit. At the detriment of the consumers. As a result of this , the spirit of cooperation in the minds of the great father of the movement and a form of business enterprise which by its principle and practice a negative attitude towards capitalism emerge and still remains today as what it knows as and is referred to as the co-operative societies.

STATEMENT OF PROBLEM

Most often, business activities are faced with numerous problems, which hinders archiving of their objective. Some of this problem is posed by the vagaries in the economy such as inflation. Why some arises as a result of the type of the type of the economic system in which the business enterprise operates. This project take a direct look into the problem posed by capitalism to a unique form of business enterprise known as the co-operative society. Giving a case of study of Abia state, the activities of capitalist businessmen and the problem it poses against the growth and the development of the co-operative societies are disused. Co-operative society is faced with many problems in a capitalist economy, which hinders their growth and development. Such problem that the cooperative society has to contend with the capitalist economy includes;

1. Stiffen and cut threat competition
2. Lack of enough financial resources
3. Lack of adequate government support
4. Lack of proper legislation
5. Lack of people interest in co-operatives

This problem highlights above are among the numerous problem which faces cooperative society in a capitalist economy

PURPOSE OF STUDY