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!