cooperative movement

/kəυ'ɒp(ə)rətɪv ˌmu:vmənt/ noun
a movement that encourages the setting-up of cooperative businesses that are jointly owned by their members who share the profits and benefits they gain from trading amongst themselves
(NOTE: The movement was founded in Rochdale, Lancashire in 1844 by 28 weavers and, in Britain, has launched not only a chain of shops, but also manufacturing and wholesale businesses as well as insurance and financial services.)

Marketing dictionary in english. 2015.

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  • History of the cooperative movement — The history of the cooperative movement concerns the origins and history of cooperatives. Although cooperative arrangements, such as mutual insurance, and principles of cooperation existed long before, the cooperative movement began with the… …   Wikipedia

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