cooperation

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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.

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

References in classic literature ?

Here were we, drawn together by mutual rage and the impulse toward cooperation, led off into forgetfulness by the establishment of a rude rhythm.

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Only by laying stone on stone with the cooperation of all, by the millions of generations from our forefather Adam to our own times, is that temple reared which is to be a worthy dwelling place of the Great God," he added, and closed his eyes.

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With him, as happens so rarely, an intimate knowledge of historic detail is the secret of life, of the impression of life; puts his own imagination on the wing; secures the imaginative cooperation of the reader.