Co-op (Noun)
Meaning
A jointly owned commercial enterprise (usually organized by farmers or consumers) that produces and distributes goods and services and is run for the benefit of its owners.
Classification
Nouns denoting acts or actions.
Examples
- The local farmers' co-op provided them with a convenient way to market their produce to the community.
- Many of the employees at the grocery store owned shares in the consumer co-op that operated it.
- The housing co-op had been a fixture in the neighborhood for decades, offering affordable living to its residents.
- After struggling to find organic produce at their local supermarket, the group decided to start a co-op to fill the demand.
- By buying in bulk through their co-op, members were able to save money on household staples.