cooperative movement

cooperative movement
/kəυ'ɒp(ə)rətɪv ˌmu:vmənt/ noun
a movement that encourages the setting-up of cooperative businesses that are jointly owned by their members who share the profits and benefits they gain from trading amongst themselves
(NOTE: The movement was founded in Rochdale, Lancashire in 1844 by 28 weavers and, in Britain, has launched not only a chain of shops, but also manufacturing and wholesale businesses as well as insurance and financial services.)

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