Firm owned, controlled, and operated by a group of users for their own benefit. Each member contributes equity capital, and shares in the control of the firm on the basis of one-member, one-vote principle (and not in proportion to his or her equity contribution).

Use cooperative in a sentence

  • Any time I do something with a team I try to take a cooperative approach to make sure that everyone fits in.

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  • As more and more parents choose homeschooling for their children, the formation of education cooperatives among like-minded moms and dads in close-knit communities grows.

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  • The collection of firms created the cooperative to help each other hold a large stake in the market they would keep each other afloat while stoping any new opposition.

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