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.

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