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How do you describe cooperation?

Updated: 11/8/2022
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11y ago

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Cooperation is the expression of the commitment, by two or more individuals, groups or entities, to collectively take the steps necessary to achieve a common goal or outcome. The incentive for cooperation often originates from the recognition that collective action can produce greater benefits than if the parties involved acted alone. For example, business owners engaged in the same industry may choose to cooperate in promoting their common interests. By pooling resources, and coordinating their efforts, this cooperation can generate greater results in a more efficient manner than if each owner pursued the same goals autonomously.

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