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 ?
The first was the evolution of public library cooperatives to multitype systems or, in the case of some states, development of cooperatives from the beginning as multitype rather than single type.
Across the country, cooperative developers are at the heart of these transformative initiatives.
The 21 cooperatives that made the cut are the following:
Union Agriculture and Farmers Welfare Minister Shri Radha Mohan Singh said that the Indian cooperative movement has sustained itself as one of the biggest cooperative movements in the world.
Depending on resources, USDA's new state cooperative statute library may be expanded to include other types of cooperative law, including utility cooperatives, credit union and health care cooperatives.
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.
Cooperatives operate for the benefit of their members, who still must recognize the competitiveness and risks of the business.
Each member dealt exclusively with one of three crops that the cooperative would market in the U.
After one successful year, the group named itself the Kensington Cooperative Nursery School, and thus became an early participant in what would soon emerge as a nationwide movement among suburban mothers: the cooperative nursery school movement.
Most of the traditional cooperatives were formed because a party envisioned a more effective collaborative effort and was able to engender sufficient interactivity to initiate the program.
If you look at the last 50 years, cooperatives have increased their market share.

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