five differences between cooperative business and personal business
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personal business is privately held (either by an individual or by a group of people) and has a legally recognized status, so that if the company goes bankrupt, only the assets of the company can be divided among its creditors.
A cooperative, as I understand it, is a group of relatively small producers in a certain field who band together to cooperate in marketing their products, so that together they can afford the advertising needed to let the purchasing public know of the products that they produce, perhaps rent a store to sell their products, set standards to be met in their product, and similar actions that none of them could undertake individually.
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