Now they are relatively uncommon, aside from very old firms that also survive , or trendy societies that fulfill a quasi-regulatory perform . The time period can also be typically used colloquially to check with an organization, such as a company or cooperative.
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A cooperative or co-op is a limited-liability business that may manage as for-profit or not-for-profit. A cooperative differs from an organization in that it has members, not shareholders, they usually share decision-making authority. Cooperatives are usually categorised as both shopper cooperatives or employee cooperatives.
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