Cooperative (Noun)
Meaning 1
An association formed and operated for the benefit of those using it.
Classification
Nouns denoting groupings of people or objects.
Meaning 2
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 cooperative allowed farmers to pool their resources and sell their produce at a higher price.
- Many consumers joined the cooperative grocery store to have more control over the products they bought.
- The cooperative bank was owned and controlled by its members, who benefited from better loan rates.
- The town's cooperative factory was a thriving example of worker-owned industry.
- The cooperative housing project allowed residents to have a say in the maintenance and upkeep of the buildings.