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What is cooperative?

Updated: 3/25/2024
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9y ago

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The official definition of the word cooperative is "involving mutual assistance in working toward a common goal."

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9y ago
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1mo ago

A cooperative is a business or organization owned and operated by its members for mutual benefit. Members pool resources and make decisions collectively, sharing in the profits or benefits of the cooperative. Cooperatives can exist in various sectors, such as agriculture, housing, or consumer goods.

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Related questions

What are the different kinds of cooperatives?

Housing cooperative Building cooperative Retailers' cooperative Utility cooperative Worker cooperative Business and employment co-operative Social cooperative Consumers' cooperative Agricultural cooperative Cooperative banking (credit unions and cooperative savings banks) Federal or secondary cooperatives


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The comparative is more cooperative, and most cooperative is the superlative.


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Cooperative is the correct spelling.


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Cooperative education, or co-op, is a program that integrates classroom learning with practical work experience. Students alternate between periods of full-time study and full-time employment in a field related to their major. This allows students to gain hands-on experience, develop skills, and build professional networks while earning academic credit.


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Is Grameen Bank a cooperative? Why or Why not?


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