Cooperative

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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 ?
It is fitting that the occasion that bestows this high honor on individuals who have selflessly given of their lives to promote cooperatives is also a vehicle to raise funds to perpetuate their work and their life-long commitment to the cooperative community.
Stanley Dreyer was a co-founder of NCB and devoted supporter and promoter of cooperatives.
Since birth of the first cooperatives in Iran up to 1941, three rural cooperatives with a membership of 1050 farmers came into existence.
Each member dealt exclusively with one of three crops that the cooperative would market in the U.
Although this essay contributes to several streams in recent scholarship, my greatest interest in cooperative nursery schools centers on the meaning of civic association in the postwar suburbs.
The surge of new-generation cooperatives tends to reflect that interest.
Indiana chose the first option and was the first state to establish multitype cooperatives in 1967.
Ziewacz later worked as chief lobbyist for Wisconsin Federation of Cooperatives, where she played a key role in advancing legislation to foster cooperative growth and helped propel passage of major revisions to Wisconsin's co-op statute.
The Federation of New York Housing Cooperatives and Condominiums is a 53-year old membership organization dedicated to the education of cooperative and condominium board members, shareholders and unit owners in the five boroughs, Long Island, Westchester and New York State.
The report has been well received by the international development community that has been reawakened to the promise of cooperatives to solve difficult economic and social problems of low-income populations.
All across America, during the month of October, people recognize the contributions and accomplishments of cooperatives during National Cooperative Month.

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