Question

what is cooperative? in economics

Answer 1

$<b>$Co-operative economics

Co-operative economics is a field of economics that incorporates co-operative studies and political economy toward the study and management of co-operatives.
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".

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Answer 2

Cooperative economy is an economic system where by those who employee its specific Cooperative principles and embrace its explicit values can meet their basic needs in personally socially and environmentally responsible ways.