Homonym: co-op (Cooperation)
A "co-op," short for cooperative, is an organization owned and operated by a group of individuals for their mutual benefit. Members of a co-op work together to achieve common goals, such as providing goods or services, sharing resources, or supporting local economies. Co-ops can be found in various sectors, including agriculture, housing, and retail.
In a co-op, each member typically has an equal say in decision-making, often following a democratic voting process. This structure promotes collaboration and community involvement, allowing members to benefit from shared resources and collective purchasing power, which can lead to lower costs and improved services.