Definition: Co-operative (society)

Business registers

A social economy enterprise characterized by:

- Voluntary and open membership
- Equal voting rights – resolutions carried by majority
- Members contribute to the capital which is variable
- Autonomy and independence
- Particularly important is the sector of agriculture, manufacturing, banking, retailing and services
Source:
Eurostat, "Business registers. Recommendations manual", Methodologies and Working Papers, Publications Office of the European Union, Luxembourg, 2010
Created:
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