cooperative
- Involving mutual assistance in fulfilling common goals, and organized in a way that all members actively participate and benefit
- An institution or business that is owned and managed by the people who use its products or services, generally aimed at providing banking facilities, credit services, or residential property ownership
- The residents formed a cooperative to manage the amenities in their housing complex.
- It's cheaper to get a loan from a cooperative than a traditional bank due to lower interest rates.
- In a cooperative, all members contribute to decision-making regarding the business's operation and direction.
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