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t. e. A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise ". [1] Cooperatives are democratically controlled by their members, with each ...
The cooperative movement began in Europe in the 19th century, primarily in Britain and France. The industrial revolution and the increasing mechanisation of the economy transformed society and threatened the livelihoods of many workers. The concurrent labour and social movements and the issues they attempted to address describe the climate at ...
Website. www.ica.coop. The International Cooperative Alliance ( ICA) is a non-governmental cooperative organization founded in 1895 to unite, represent and serve cooperatives worldwide. The ICA is the custodian of the internationally recognised definition, values and principles of a cooperative in the ICA Statement on the Cooperative Identity.
Agricultural cooperative. An agricultural cooperative, also known as a farmers' co-op, is a producer cooperative in which farmers pool their resources in certain areas of activities. A broad typology of agricultural cooperatives distinguishes between agricultural service cooperatives, which provide various services to their individually-farming ...
Cooperative federation. A co-operative federation or secondary co-operative is a co-operative in which all members are, in turn, co-operatives. [1] Historically, co-operative federations have predominantly come in the form of co-operative wholesale societies and co-operative unions. [2] Co-operative federations are a means through which co ...
The 19th century saw further development with the formation of the Boston Mechanics' and Laborers' Mutual Benefit Association in 1845, inspired by the British Rochdale Pioneers. This period set the stage for the expansion of cooperative movements in the United States. The early 20th century saw a surge in consumer co-ops, especially during the ...
A housing cooperative, or housing co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization.
Cooperative banks are owned by their customers and follow the cooperative principle of one person, one vote. Co-operative banks are often regulated under both banking and cooperative legislation. They provide services such as savings and loans to non-members as well as to members, and some participate in the wholesale markets for bonds, money ...