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cooperative |
Also found in: Dictionary/thesaurus, Medical, Idioms, Wikipedia, Hutchinson | 0.06 sec. |
cooperativeOrganization owned by and operated for the benefit of those using its services. Cooperatives have been successful in such fields as the processing and marketing of farm products and the purchasing of other kinds of equipment and raw materials, and in the wholesaling, retailing, electric power, credit and banking, and housing industries. The modern consumer cooperative traces its roots to Britain's Rochdale Society of Equitable Pioneers (1844); the movement spread quickly in northern Europe. In the U.S., agricultural marketing cooperatives developed in rural areas in the 19th century; other contemporary examples include consumer and housing cooperatives. See also credit union. cooperative, co-operative 1. a. (of an enterprise, farm, etc.) owned collectively and managed for joint economic benefit b. (of an economy or economic activity) based on collective ownership and cooperative use of the means of production and distribution 2. a cooperative organization 3. US a block of flats belonging to a corporation in which shares are owned in proportion to the relative value of the flat occupied How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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The
flood of liquidity created by a period of very accommodative monetary
policy pursued the yields available from income-producing assets, namely
loans and bonds. It
has become widely recognized that, with consumer price inflation
well-anchored, overly accommodative monetary policies may find their
expression in asset price inflation. If the current
monetary policy is neutral rather than accommodative, analysts have
asserted that rate rises should soon remit, although most expect the Fed
to raise rates by a quarter point again at its next meeting on January
31, 2006 --Alan Greenspan's last meeting as the Federal
Reserve's chairman. |
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