Definition, Meaning & Synonyms

co-operative

Noun

/kəʊˈɒpərətɪv/

Definition

A co-operative is a type of organization or business that is owned and operated by a group of individuals for their mutual benefit.

Examples

Many farmers decided to form a co-operative to better market their products.
The co-operative housing model allows residents to have a say in their living conditions.
She joined a co-operative to work on community-driven projects.

Meaning

The term refers to a system where members collaborate to achieve common goals, often in the context of sharing resources, responsibilities, and profits.