What is a cooperative?
The cooperative is a type of shop, which sells food and things.
Or, in real estate law, a cooperative is a multi-family dwelling in which ownership is accomplished by buying shares in a closely-held corporation whose sole asset is the building and real estate the building sits on. (if I remember correctly)
There are also farm cooperatives in which a group of farmers
cooperate together to decide what should be grown, who will grow it
and which land shall be used and they split the profits and food
grown. The help one another with all aspects of the farming.
This is an organization being run and managed by a group of pursuing a common mutual goal.
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
A cooperative societies or businesses are places where people can pay to have a share in a crop or livestock, as well as other products. They also help take care of the crop or livestock in turns. Some of these in Nigeria are: consumer cooperative society, thrift and credit cooperative society, retail and wholesale cooperative society.