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Co-operative societies, or co-ops, are membership-based enterprises that operate on the principles of self-help and mutual assistance. The members are also owners of the co-ops. Most co-ops have social missions to benefit the greater society in which they operate in. Facts and figures. Registry of Co-operative Societies.
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Jul 17, 2020 · What Is A Co-Operative? Co-operative societies, commonly referred to as co-ops, are enterprises that are owned and run by members, for members. Co-operatives also operate on the principles of self-help and mutual assistance and typically also have social missions to benefit the greater society.
an organization that owns and manages houses that its members live in, or the group of houses that it owns: Like many apartment buildings in New York City, the building is run by a cooperative.
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise ". [1] .
: an enterprise or organization owned by and operated for the benefit of those using its services. Synonyms. Adjective. collaborative.
A cooperative is a member-owned entity that seeks to meet its members’ social, economic, and cultural needs. Each cooperative member has equal voting rights, regardless of the number of shares they own or their role in the organization. A cooperative is a separate legal entity from the members, directors, and employees.
an organization, business, store, farm, or group of farms that is owned and managed by a group of people who also work in it: The magazine is run as a cooperative. We are a 100% worker-owned cooperative selling 100% Fair Trade certified coffee, tea, chocolate, and snacks.
What Is a Cooperative? The International Co-Operative Alliance defines a cooperative, or co-op, as “an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise.”
willing to cooperate; helpful. acting in conjunction with others; cooperating. (of an enterprise, farm, etc) owned collectively and managed for joint economic benefit. (of an economy or economic activity) based on collective ownership and cooperative use of the means of production and distribution.
