English Lexicon

Cooperative Buying

/kəʊˈɒpərətɪv ˈbaɪɪŋ/
nounCEFR B2 (Upper)Top #15000 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A purchasing strategy where a group of individuals or organizations come together to buy goods or services in bulk to obtain better prices or terms.

    "The community organized a cooperative buying initiative to lower the cost of organic produce."
  2. 2

    An arrangement where members of a group collaborate to make purchases, often leading to savings and shared benefits.

    "Through cooperative buying, the local schools were able to acquire new technology at a fraction of the retail price."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'cooperative' originates from the Latin 'cooperari', meaning 'to work together', which evolved through Old French into Middle English. 'Buying' comes from the Old English 'bycgan', meaning 'to purchase'. The combination reflects a collective approach to purchasing goods or services.

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