what is cooperative give an example
Answers
Answer:
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 and democratically-controlled enterprise"
For example, a group of people forming a co-op to open a grocery store and sell food to co-op members and perhaps other customers is called a "consumer co-op" and also--more commonly--a "food co-op". ... Or, they may use the term purchasing co-ops for a municipally owned or other "shared service" cooperative.
Answer: hey mate here is your answer
Explanation:
One refers to the co-op's ownership structure (consumers) and the other to what it offers those owners (food).
Here's another example: A group of dairy farmers who sell milk under a cooperatively owned brand name which they own might refer to itself as either a "producer co-op" or a "marketing co-op
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