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.
Tirumurti said both Modi and King Abdullah welcomed the signing of the MoU on defence co-operation following yesterday's meeting.
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.
TAP) - Director of the Italian Agency for Co-operation and Development (AICS) Flavio Lovisolo expressed the willingness of his institution to continue supporting Tunisia so that it can concretise its development programmes.
The Chief Executive of the Hong Kong Special Administrative Region (HKSAR), Mrs Carrie Lam, and the Governor of Guangdong Province, Mr Ma Xingrui, leading the delegations of the HKSAR and Guangdong Province respectively, co-chaired the 20th Plenary of the Hong Kong/Guangdong Co-operation Joint Conference in Hong Kong today (November 18).
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.
His Majesty King Hamad met Malaysian Prime Minister Muhammad Najib Abdul Razak and discussed ways of bolstering industrial, trade, economic, educational, military and defence co-operation.
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.
The UAE is committed to boosting co-operation with the European Union (EU) based on principles of mutual respect and mutual vital interests driven by the UAE's open foreign policy on economic and trade fields, said UAE Minister of Economy Sultan bin Saeed Al Mansouri during a meeting with President of the EU-UAE Parliamentary Friendship Group Antonio Lopez-Isturiz White in Abu Dhabi,
Bahrain and Thailand discussed ways to enhance bilateral co-operation in the economic, trade, investment and cultural fields by activating the agreements and memoranda of understanding signed between them.