Worker cooperative

Cooperative that is owned and self-managed by its workers

A worker cooperative is a cooperative owned and self-managed by its workers. The meaning of this control varies by definition; it may mean a firm where every worker-owner participates in decision-making in a democratic manner, or it may refer to one in which management is elected by every worker-owner, each of whom has one vote. Worker cooperatives may also be referred to as labor-managed firms.

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