cooperative
1co·op·er·a·tive
adjective \kō-ˈä-p(ə-)rə-tiv, -ˈä-pə-ˌrā-\Definition of COOPERATIVE
Examples of COOPERATIVE
- The witness was very cooperative.
- <a cooperative space project undertaken by Russia and the U.S.>
First Known Use of COOPERATIVE
2cooperative
nounDefinition of COOPERATIVE
First Known Use of COOPERATIVE
Other Business Terms
cooperative
noun (Concise Encyclopedia)Organization owned by and operated for the benefit of those using its services. Cooperatives have been successful in such fields as the processing and marketing of farm products and the purchasing of other kinds of equipment and raw materials, and in the wholesaling, retailing, electric power, credit and banking, and housing industries. The modern consumer cooperative traces its roots to Britain's Rochdale Society of Equitable Pioneers (1844); the movement spread quickly in northern Europe. In the U.S., agricultural marketing cooperatives developed in rural areas in the 19th century; other contemporary examples include consumer and housing cooperatives. See also credit union.
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