cooperative - meaning and definition. What is cooperative
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What (who) is cooperative - definition

AUTONOMOUS ASSOCIATION OF PERSONS OR ORGANIZATIONS
Co-operative; Coop Brand; Cooperatives; Co-operatives; Co-operative enterprises; Co-Op; Société coopérative; Société Coopérative; Cooperative society; Producer co-operative; Co-operative society; Societe cooperative; Societe Cooperative; Co-ops; Co-op.; Co-op; Cooperative Societies; Co-operator; Federal Co-operatives; Federal co-operatives; Co-operative store; Coöperative; Co-operative stores; Multi-stakeholder cooperative; Multi-stakeholder co-operative; Multi-stakeholder cooperatives; Co-operative organising; Cooperative organising; Volunteer cooperative; Volunteer co-op; Co-operative societies; Cooperative Stock Market; Cooperative ownership; Cooperative enterprise; Cooperative organizing; Co-operative organizing; Cooperativism; Cooperative share capital; Co-operative share capital; Cooperative capital; Co-operative capital; Capital of a co-operative; Capital of a cooperative
  • The Co-op Marque, a symbol used by co-operatives internationally
  • date=2 October 2011}} ''[[The Cooperator]]''. December 2006.</ref>
  • [[The Co-operative Bank]]'s head office in [[Manchester]]. The statue in front is of [[Robert Owen]], a pioneer in the cooperative movement.
  • Cooperative of agricultural products of [[Alginet]], 1963
  • Oxford, Swindon & Gloucester Co-op]], is held to account at an annual general meeting of members
  • [[Robert Owen]] (1771–1858) was a social reformer and a pioneer of the cooperative movement.
  • The statue of Samuel Jurkovič, national awakener and founder of first cooperative in Central Europe (Spolok Gazdovský) in Rača, Bratislava
  • Raiffeisen]], is a cooperative as well.

cooperative         
n.also: co-op, coop a consumers'; farmers'; producers'; workers' cooperative
cooperative         
n. an association of individual businesses, farmers, ranchers or manufacturers with similar interests, intending to cooperate in marketing, shipping and related activities (sometimes under a single brand name) to sell their products efficiently, and then share the profits based on the production, capital or effort of each. "Sunkist" oranges is an example of a large cooperative. Cooperatives include dairy milk producers, cotton gins and thousands of other enterprises of all sizes. There are also cooperatives in which consumers form retail outlets like grocery stores and share the profits based on the amount of patronage of each member, but they have found it difficult to compete with the giant supermarket chains. Some cooperatives exist to operate housing complexes. See also: cooperative housing
cooperative         
(also co-operative)
¦ adjective
1. involving cooperation.
2. willing to be of assistance.
3. (of a farm, business, etc.) owned and run jointly by its members, who share the profits or benefits.
¦ noun a cooperative organization.
Derivatives
cooperatively adverb
cooperativeness noun

Wikipedia

Cooperative

A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include:

  • businesses owned and managed by the people who consume their goods and/or services (a consumer cooperative)
  • businesses where producers pool their output for their common benefit (a producer cooperative)
  • organizations managed by the people who work there (a worker cooperative)
  • businesses where members pool their purchasing power (a purchasing cooperative)
  • multi-stakeholder or hybrid cooperatives that share ownership between different stakeholder groups. For example, care cooperatives where ownership is shared between both care-givers and receivers. Stakeholders might also include non-profits or investors.
  • second- and third-tier cooperatives whose members are other cooperatives
  • platform cooperatives that use a cooperatively owned and governed website, mobile app or a protocol to facilitate the sale of goods and services.

Research published by the Worldwatch Institute found that in 2012 approximately one billion people in 96 countries had become members of at least one cooperative. The turnover of the largest three hundred cooperatives in the world reached $2.2 trillion.

Cooperative businesses are typically more productive and economically resilient than many other forms of enterprise, with twice the number of co-operatives (80%) surviving their first five years compared with other business ownership models (41%) according to data from United Kingdom. The largest worker owned cooperative in the world, the Mondragon Corporation (founded by Catholic priest José María Arizmendiarrieta), has been in continuous operation since 1956.

Cooperatives frequently have social goals, which they aim to accomplish by investing a proportion of trading profits back into their communities. As an example of this, in 2013, retail co-operatives in the UK invested 6.9% of their pre-tax profits in the communities in which they trade as compared with 2.4% for other rival supermarkets.

Since 2002, cooperatives have been distinguishable on the Internet through the use of a .coop domain. In 2014, the International Co-operative Alliance (ICA) introduced the Cooperative Marque, meaning ICA cooperatives and WOCCU credit unions can also be identified through a coop ethical consumerism label.

Examples of use of cooperative
1. The Cooperative Finance Corporations whose affectees were made complete repayments are ÷ Mercantile Cooperative Finance Corproation Ltd (MCFC), Qudaratabad Multipurpose Cooperative Society Ltd (QMCS), Zamindara Cooperative Credit Corporation Ltd (ZCCCL), The Gujar Khan Cooperative Urban Finance Corporation Ltd (GKCUF), National Industrial Cooperative Finance Corporation Ltd (NICFC), National Industrial Cooperative Credit Corporation Ltd (NICCC), Pasban Cooperative Finance Corporation Ltd (PCFC), Pakistan Development Cooperative Corporation Ltd (PDCC), United Development Cooperative Society Ltd (UDCS) and Prime Industrial Cooperative Development Society Ltd (PICDS.
2. They include Sanad for Cooperative Insurance and Reinsurance, (which has a capital of SR200 million), Saudi Arabian Cooperative Insurance Company (SR100 million), Saudi–Indian Cooperative Insurance (SR100 million), Gulf Union Cooperative Insurance Company (SR220 million), Al–Ahli Takaful (SR100 million), Al–Ahliah Cooperative Insurance (SR100 million) and Allied Cooperative Insurance Group (SR100 million).
3. In the insurance sector, the only gainers yesterday were Malath Cooperative Insurance and Reinsurance Co., Arabian Shield Cooperative Insurance Co., Saudi Arabian Cooperative Insurance Co. and Gulf Union Cooperative Insurance Co. while shares of other companies were in the red.
4. A cooperative unit may be merged, amalgamated or taken over by another cooperative unit.
5. Other prospective license winners, according to the website, are: Al–Rajhi Co. for Cooperative Insurance, Allied Cooperative Insurance Group, Malath Insurance Co., Arabian Malaysian Takaful Co., Gulf Union Cooperative Insurance Co., Trade Union Insurance Co., Saudi IAIC for Insurance, Sanad for Cooperative Insurance, Arabia Insurance Cooperative Co., Al–Ahlia Insurance and Al–Sagr Co. for Cooperative Insurance.