Contribution to Book
CooperativesSurvey of Social Science: Economics Series
Document TypeBook Chapter
Publication VersionPublished Version
EditorsFrank N. Magill and Demos Vardiabasis
Place of PublicationPasadena, California
AbstractBusiness 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).
Copyright OwnerSalem Press, Inc.
Citation InformationRon Deiter. "Cooperatives" Survey of Social Science: Economics Series Vol. 1 (1991) p. 409 - 413
Available at: http://works.bepress.com/ronald-deiter/10/