Cooperative

(redirected from Co-operatives)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to Co-operatives: Agricultural cooperatives

Cooperative

An organization owned by its members. Examples are agriculture cooperatives that assist farmers in selling their products more efficiently and apartment buildings owned by the residents who have full control of the property.

Cooperative

Any organization owned by its members. A cooperative may be a business owned by its employees and/or customers, a residential complex owned by the people who live in it, or even a bank owned by its depositors. Certain legal requirements are incumbent upon cooperatives; for example, there is often a cap on how much of their profits may be distributed. See also: Cooperative economics.

Cooperative (co-op).

A co-op is a corporation that owns a particular residential property. The shareholders are the tenants who, instead of owning an individual unit, own shares in the corporation, which gives them the right to live in that unit.

cooperative

see WORKERS' COOPERATIVE, RETAIL COOPERATIVE.

cooperative

a form of business FIRM that is owned and run by a group of individuals for their mutual benefit. Examples of cooperatives include:
  1. worker or producer cooperatives: businesses that are owned and managed by their employees, who share in the net profit of the business.
  2. wholesale cooperatives: businesses whose membership comprises a multitude of small independent retailers. The prime objective of such a group is to use its combined BULK-BUYING power to obtain discounts and concessions from manufacturers, similar to those achieved by larger SUPERMARKET chains.
  3. retail cooperatives: businesses that are run in the interest of customers, who hold membership rights entitling them to receive an annual dividend or refund in proportion to their spending at the cooperative's shops.

See WHOLESALER, RETAILER, DISTRIBUTION CHANNEL.

References in periodicals archive ?
In September 2005 we launched Young Co-operatives Plus.
While the Knights of Labour encouraged both consumer co-operatives and worker co-operatives, the American Federation of Labor (AFL) limited itself to "bread-and-butter issues" (104) and supported the wage system as permanent.
Rural and Co-operatives Secretariat The Rural and Co-operatives Secretariat provides an essential link between the government and the co-operative sector.
THE creation of a Co-operative and Mutuals Commission for Wales has been welcomed by leaders in the sector.
Dave Palmer, Co-operative Housing Project Manager, Wales Co-operative Centre commented: "This announcement is very welcome and comes at an important stage in the development of co-operative housing in Wales.
Yet innovation and growth amongst co-operatives large and small, in everything from solar power to social care, have meant that the co-operative sector is growing and in good health.
Ben Reid, chief executive of The Midcounties Co-operative, said: "As a member-owned society, this award win is particularly important to us because it was voted for by our members and shows that they are really excited and engaged with the work we're doing in their local community and to help the environment.
Co-operatives are run by members for members, without shareholders, and the number of memberships across the UK now totals a record 15 million - a 15% rise since 2010.
THE Wales Co-operative Centre has welcomed the support of economy minister Edwina Hart to grow the sector.
Co-operatives UK is the national member-owned and led organisation that promotes the interests of co-operatives, works to increase awareness and understanding of co-operative values and principles, and supports the development and growth of new and existing co-operatives.
The co-operative economy is no longer regarded as a business backwater.