Introduction to Co-operatives

Glossary

  • Association: A group of people bound together by agreed aims and rules, the association does not have a separate legal identity to its members.
  • Associative Democracy: The idea and practice that much social and economic provsion can be realised through democratic associative means, such as coops, mutuals and trade unions, amonst others.
  • Assets: This is wealth as money or as capital assets, land and property. Apart from belonging to individuals and private companies, assets can be held in common though cooperatives, mutuals, municipal and public bodies.