Question

what is difference between bussiness and coprative business

Answer 1

A cooperative is a legal entity owned by a group of people who come together voluntarily for their mutual benefit. ... Some cooperatives may be in the form of partnerships, and these do not have limited liability as the members have close association with the business.


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Answer 2

Heya mate...!!!

Here's your answer... hope this helps you ✌️


A cooperative is a specialized form of business. Having more in common with a traditional business than, say, a nonprofit organization, a cooperative distinguishes itself by a member ownership, benefits, and control model which puts power in the hands of the customers rather than a single owner or small group of partners. More than 47,000 cooperatives operate in the United States alone, boasting more than 100 million member-owners. To begin understanding how cooperatives differ from traditional businesses, it helps to first look at who owns the assets.