Definition, Meaning & Synonyms
co-op
noun
/ˈkoʊ.ɑːp/
Definition
A cooperative or co-op is a type of organization owned and operated by a group of individuals for their mutual benefit.
Examples
- Our town has a local food co-op that supports farmers in the area.
- She joined a housing co-op to reduce her living expenses and build community.
- The co-op allows members to share resources such as tools and equipment.
Meaning
Co-ops are designed to meet the specific needs of their members, whether that’s providing goods, services, or housing.
Synonyms
- cooperative
- collaborative
- partnership
