what is meant by industrial cooperative?
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An industrial cooperative is an association of workers & craftsmen involved in cottage or village industries, who come to gather to undertake collective production, processing & marketing of goods
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noun [ C ] WORKPLACE (also industrial cooperative) us. a manufacturing business that is owned and managed by the people who work in it: We have found that the industrial co-operative, in a market economy, is an effective form of organisation for production.
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