noun
- businesses or organizations owned and operated jointly by members who share profits and benefits
Usage: plural form of cooperative
Examples
- Many farmers joined cooperatives to share equipment and reduce costs.
- Housing cooperatives allow residents to collectively own their apartment buildings.
- Credit unions are financial cooperatives owned by their members.
- The grocery cooperatives in town offer organic produce at lower prices.
- Worker cooperatives give employees a voice in business decisions.
- Agricultural cooperatives help small farmers compete with large corporations.