Entity: COOPERATIVE
A cooperative is an entity or organization where individuals work together willingly for a common purpose or benefit, pooling their resources and efforts.
COOPERATIVE
Etymology
The term 'cooperative' originates from the Latin word 'cooperare,' meaning 'to work together.'
Definition
A cooperative is a jointly-owned business or enterprise where members collaborate to achieve common goals, such as purchasing, working, or distributing goods.
Historical Context
Cooperatives have a long history, dating back to the 19th century, when they emerged as a response to social and economic challenges. They have since evolved into diverse forms, including agricultural, consumer, and worker cooperatives.
Cultural Significance
Cooperatives play a significant role in promoting economic democracy, social equality, and community development. They embody principles of self-help, self-responsibility, democracy, equality, equity, and solidarity.
Related Concepts
Cooperatives are closely related to concepts such as collaboration, mutualism, collective ownership, and social enterprise.
See Also
A cooperative is a jointly-owned business or enterprise where members collaborate to achieve common goals, such as purchasing, working, or distributing goods.