Cooperative

A cooperative (also known as co-operative, coöperative, 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". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. They differ from collectives in that they are generally built from the bottom-up, rather than the top-down.

Extends: [Business models](https://wikipedia.org.ai/Business models), Cooperatives, [Market socialism](https://wikipedia.org.ai/Market socialism), Mutualism (movement), [Types of business entity](https://wikipedia.org.ai/Types of business entity)