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Meaning of co-operative

 

 

 

Co-operative

 

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Business glossary

 

Meaning of term co-operative :

 

A co-operative is a form of business organisation where all the members of the firm have equal voting rights. It may be a workers co-operative where the workers have equal rights in the running of the firm and elect representatives to run the firm or a retail co-operative (like the Co-op) where the profits are shared between those using the shop.

 

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Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

 

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Co-operative

 

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Meaning of term co-operative

 

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