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cooperative

 
/koʊˈɑp·ər·ə·t̬ɪv/ n [C] (short form co-op)

Definition

a company owned and managed by the people who work in it: a farmers’ cooperative A cooperative is also an apartment building in which ownership is shared by all the people living in it.
(Definition of cooperative n from the Cambridge Academic Content Dictionary © Cambridge University Press)

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