Consumer Cooperative
/kəˈnɒnɪkəl tɜːrˈkoʊpərətɪv/
Definitions
- (n.) A legally recognized cooperative enterprise owned and operated by its consumer-members to meet their common needs and interests, often providing goods or services at reduced cost.
The consumer cooperative enabled residents to buy groceries at lower prices through collective ownership.
Forms
- consumer cooperative
- consumer cooperatives
Related terms
See also
Commentary
Consumer cooperatives emphasize member consumption rather than capital investment; legal frameworks vary by jurisdiction regarding their formation and governance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.