cooperation

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cooperation

  1. the process whereby businesses seek to coordinate their pricing and output policies rather than compete with one another in order to secure higher profits. See OLIGOPOLY, COLLUSION, CARTEL.
  2. the process whereby individuals coordinate their work in GROUPS.

cooperation

  1. 1the process whereby FIRMS seek to coordinate their pricing and output policies rather than compete with one another in order to achieve JOINT-PROFIT MAXIMIZATION. See MUTUAL INTERDEPENDENCE, OLIGOPOLY.
  2. the process whereby individuals coordinate their work in TEAMS.
References in classic literature ?
In the sky soared the German airships like beings in a different, entirely more orderly world, all oriented to the same angle of the horizon, uniform in build and appearance, moving accurately with one purpose as a pack of wolves will move, distributed with the most precise and effectual co-operation.
Not only was the New York Government a weak one and insufficiently provided with police, but the destruction of the City Hall--and Post-Offide and other central ganglia had hopelessly disorganised the co-operation of part with part.
He is forced to admit that the state is not possible without the co-operation of men whom he will not admit to membership in it, either because they are not capable of sufficient rational appreciation of political ends, like the barbarians whom he thought were natural slaves, or because the leisure necessary for citizenship can only be gained by the work of the artisans who by that very work make themselves incapable of the life which they make possible for others.
The first meeting of the Joint Working Group of Qatar and Malaysia on Monday discussed co-operation in higher secondary education and issues prevailing in the sector.
The European Patent Office (EPO) and the National Institute of Industrial Property of Brazil (INPI) have agreed to work towards enhancing their co-operation. EPO President Antnio Campinos and Claudio Vilar Furtado, President of INPI, signed a Joint Statement in this direction following a bi-lateral consultation that formed part of a series of meetings between the EPO and IP offices from the Community of Portuguese Language Countries.
ASHGABAT: Bahrain and Turkmenistan signed a string of agreements yesterday to strengthen bilateral co-operation.
Ahead of the opening of the Asean Summit in Singapore, Prime Minister Tun Dr Mahathir Mohamad stressed that co-operation among member nations is key to unlocking the grouping's potential.
At the end of the meeting, Salvini explained that his visit to Tunisia testifies to the deep friendship binding the two countries and Italy's keenness to consolidate and diversify co-operation in the economic, social, cultural and security fields, to face the common challenges in the Mediterranean region.
Ghana and China have signed eight co-operation agreements and memoranda of understanding (MoU) in different sectors of their respective economies, aimed at deepening the ties of co-operation and bond of friendship that exist between the two countries.
Summary: New Delhi [India] Feb 20 (ANI): Union Cabinet has given its approval to the Co-operation Agreement signed between the Indian and Morocco regarding the co-operation between the railways of the two countries.
Muscat: In a landmark agreement, Oman Football Association (OFA) has signed a five-year co-operation deal with Qatar Football Association (QFA), with a top Omani official describing it as beneficial for the sport in the country.
The three leaders agreed to set up a "standing joint committee of co-operation which will develop, formulate and promote practical projects of trilateral interest." What had they been discussing in the previous two summits is a mystery considering they needed a third to decide they would explore project on which to co-operate.