cooperativism

noun

Pronunciation: koʊˈɒpərətɪvɪzəm

Definition

A social and economic system based on voluntary organizations owned and operated by their members for mutual benefit.

Examples

• The community turned to cooperativism to ensure local farmers received fair prices for their produce.

• Advocates of cooperativism argue that shared ownership leads to a more equitable distribution of wealth.

• The housing project was founded on the principles of cooperativism, requiring all residents to participate in maintenance.

Synonyms of cooperativism

Words with a similar meaning to cooperativism:

• cooperation
• collectivism
• mutualism

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