cooperative society

Definition

noun
an organisation where customers and employees are partners and share the profits

Use cooperative society in a sentence

You should try and make sure that your workplace is like a cooperative society where everyone helps each other out.

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The cooperative society helped promote increasing employee happiness as each individual working for the company both saw and benefited from the company's growth.

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Hobby Lobby is a company that allows not only shareholders, but customers and employees to open share in the profits of the company, supporting a cooperative society.

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cooperative mortgage co-ownership