cooperativescheme
nounUK /kəʊˈɒpərətɪv skiːm/
US /koʊˈɑːpəreɪtɪv skiːm/
A plan where people work together and share the things they make or earn.
The farmers started a cooperativescheme so they could sell their vegetables together.
RELATED WORDS
OTHER MEANINGS
2. A business or farm owned and run by its members who share the profits.
The village shop is run as a cooperativescheme by the people who live there.
3. A government or community program that helps people work together to save money or buy goods.
The housing cooperativescheme helped families build affordable homes.
4. An arrangement where several groups pool their resources for a common goal.
The schools joined a cooperativescheme to share books and equipment.