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English definition of “cooperative”

cooperative

noun [C] ( UK also co-operative)     /kəʊˈɒpərətɪv/ (also co-op, UK also co-operative society) WORKPLACE, ECONOMICS
an organization or company that is owned and controlled by a group of members who each have a share in it, for example its employees or customers : a farmers ' cooperative
→ See also agricultural cooperative, consumer cooperative, credit co-operative, housing co-operative, industrial co-operative, marketing cooperative, retail cooperative, savings and credit co-operative, wholesale cooperative
(Definition of cooperative noun from the Cambridge Business English Dictionary © Cambridge University Press)
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