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English definition of “cooperative”

cooperative

noun [C] (UK also co-operative, abbreviation co-op,   /ˈkəʊɒp/   US  /ˈkoʊɑː.p/)     /kəʊˈɒp.ər.ə.tɪv/ US  /koʊˈɑː.pɚ.ə.t̬ɪv/
a company that is owned and managed by the people who work in it: The magazine is run as a cooperative.Businesses and enterprises
(Definition of cooperative noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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