What is Cooperative?


‘Cooperative’ refers to a kind of business structure in which two or more parties work together to reach a common goal. There are various kinds of cooperatives found in the market like housing cooperatives, consumer cooperatives, etc.


However, when it comes to the corporate world, worker cooperatives are the most common form of ‘cooperative’ that one needs to understand. The term worker cooperatives refer to a group of companies run by the workers themselves instead of the traditional hierarchy of managers.


Worker cooperatives came into existence during the industrial revolution as a way to fight against the capitalists. However, once adequate norms came into place, worker cooperatives lowered in popularity comparatively.

More HR Terms


What is Consultant ? A ‘Consultant’ is an individual in a particular topic and hence, is consulted by others when they require their expertise. When

Wellness Program

What is Wellness Program ?    The term ‘Wellness Program’ refers to a strategy applied by individuals who take up healthy lifestyle initiatives to stay

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’