Definition: A type of company that is owned partially or wholly by its employees, customers or tenants.

Alright class, settle down now, let’s take a look today, At a word that's important, in a special way. “Cooperative,” it’s written there for you to see, Let’s break it down carefully, just listen to me! The dictionary tells us, with a helpful little plea, It describes a company – quite unique you agree? "Owned partially or wholly," that's the key, it’s true, Not by one big boss, but shared amongst the crew. Think of it like this: it’s not just one man in charge, But folks who work together, a collaborative barge! Employees might own a piece, you see, Sharing profits and working collectively free. Customers too, could have a say, perhaps, In how the business runs, avoiding corporate traps. And tenants in a building, maybe owning a share, A community spirit, beyond compare! So "cooperative" means teamwork bright, Sharing ownership and working with all your might! Does that make sense to you? Any questions arise? Let’s discuss!