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An organization or business that is owned by the people who operate it, with responsibilities and revenues shared among the workers.
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"South Texas Electric Cooperative, Sodville, TX, March 16, 2011" by Jay Phagan is licensed under CC BY.
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References
           
Merriam-Webster Online
          2015     Cooperative. http://www.merriam-webster.com/dictionary/cooperative, accessed March 4, 2015.