What is coop meaning?

Coop is short for cooperative, which refers to a type of business or organization that is owned and operated by a group of individuals who share a common goal or interest. In a coop, each member has equal voice and voting rights in the decision-making process, regardless of their investment or financial contribution. Coops can be found in various industries, including agriculture, retail, and finance, and they are typically focused on promoting sustainability, community engagement, and economic equality. Some common types of coops include consumer coops, worker coops, producer coops, and housing coops.