common ownership

Definition

noun
a situation where a business is owned by the employees who work in it

Use common ownership in a sentence

It was a common ownership company and that meant that it was owned by the employees who worked in it.

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Since our company has gone to common ownership the employees seem much happier and take more pride in their work.

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Not only did everyone at the local market make great hourly pay, they each earned shares in the the company through the common ownership agreement for its employees.

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common market unaffiliated investments