Skip to main content
Contribution to Book
Survey of Social Science: Economics Series
  • Ron Deiter, Iowa State University
Document Type
Book Chapter
Publication Version
Published Version
Publication Date
Frank N. Magill and Demos Vardiabasis
Salem Press
Place of Publication
Pasadena, California
Business organizations can be of three different types: sole proprietorship, partnership, or corporation. A sole proprietorship is a business that is owned by one individual. A partnership is an unincorporated business that is owned by two or more people. A corporation is a legal entity, or artificial "person" that , by enabling laws, is endowed with all the powers, rights, liabilities, and duties of an individual. A cooperative is a special kind of business organization that is owned by and operated for the customers or patrons who do business with that organization. Most cooperative business organizations are incorporated businesses. As a result, there are two types of corporations--those that are investor-owned and those that are customer-owned (cooperatives).

This is a chapter from Survey of Social Science: Economics Series 1 (1991): 409. Used by permission of EBSCO Information Services.

Copyright Owner
Salem Press, Inc.
File Format
Citation Information
Ron Deiter. "Cooperatives" Survey of Social Science: Economics Series Vol. 1 (1991) p. 409 - 413
Available at: