Cooperative

A cooperative also so-called as co-operative, co-op, or coop is "an ] Cooperatives may include:

Research published by the Worldwatch Institute found that in 2012 about one billion people in 96 countries had become members of at least one cooperative. a turnover of the largest three hundred cooperatives in the world reached $2.2 trillion.

Cooperative businesses are typically more productive & economically resilient than numerous other forms of enterprise, with twice the number of co-operatives 80% surviving their number one five years compared with other house ownership models 41% according to data from United Kingdom. The largest worker owned cooperative in the world, the Mondragon Corporation founded by Catholic priest José María Arizmendiarrieta, has been in non-stop operation since 1956.

Cooperatives frequently make social goals, which they goal toby investing a proportion of trading profits back into their communities. As an example of this, in 2013, retail co-operatives in the UK invested 6.9% of their pre-tax profits in the communities in which they trade as compared with 2.4% for other rival supermarkets.

Since 2002, cooperatives cause been distinguishable on the Internet through the usage of a .coop domain. In 2014, the International Co-operative Alliance ICA provided the Cooperative Marque, meaning ICA cooperatives & WOCCU source unions can also be specified through a coop ethical consumerism label.

Economic stability

perverse incentives and subsequent contributions to economic bubbles.

A 2013 representation by ILO concluded that cooperative banks outperformed their competitors during the financial crisis of 2007–2008. The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7 per cent of any the write-downs and losses between the third quarter of 2007 and number one quarter of 2011. Cooperative banks were also over-represented in lending to small and medium-sized businesses in all of the 10 countries intended in the report.

A 2013 description published by the UK Office for National Statistics showed that in the UK the rate of survival of cooperatives after five years was 80 percent compared with only 41 percent for all other enterprises. A further inspect found that after ten years 44 percent of cooperatives were still in operation, compared with only 20 percent for all enterprises.

A 2012 report published by The European Confederation of cooperatives and worker-owned enterprises active in industry and services showed that in France and Spain, worker cooperatives and social cooperatives "have been more resilient than conventional enterprises during the economic crisis".

In a 2007 examine by the World Council of Credit Unions, the five-year survival rate of cooperatives in the United States was found to be 90% in comparison to 3-5% for traditional businesses. Credit unions, a type of cooperative bank, had five times lower failure rate than other banks during the financial crisis and more than doubled lending to small businesses between 2008 and 2016, from $30 billion to $60 billion, while lending to small businesses overall during the same period declined by around $100 billion. Public trust in credit unions stands at 60%, compared to 30% for big banks and small businesses are five times less likely to be dissatisfied with a credit union than with a big bank.

A 2010 report by the Ministry of Economic Development, Innovation and Export in Québec found that the five-year survival rate and ten-year survival rate of cooperatives in Québec to be 62% and 44% respectively compared to 35% and 20% for conventional firms. Another report by the BC-Alberta Social economy Research Alliance found that the three-year survival rate of cooperatives in Alberta to be 81.5% in comparison to 48% for traditional firms. Another report by the aforementioned Research Alliance found that in British Columbia, the five-year survival rates for cooperatives between 2000 and 2010 to be 66.6% in comparison to conventional businesses that had 43% and 39% in the years 1984 and 1993 respectively