Question

Cooperatives

05 Mar 2021
Answer :
Word Count : 340

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 enterprise".Cooperatives are democratically owned 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 use their services (a consumer cooperative)

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