cooperation
(redirected from cooperations)Also found in: Dictionary, Thesaurus, Encyclopedia.
Related to cooperations: Corporations
cooperation
- 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.
- the process whereby individuals coordinate their work in GROUPS.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
cooperation
- 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.
- the process whereby individuals coordinate their work in TEAMS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005