Title
Campus Units
Economics
Document Type
Book Chapter
Publication Version
Published Version
Publication Date
1991
Journal or Book Title
Survey of Social Science: Economics Series
Volume
1
Editors
Frank N. Magill and Demos Vardiabasis
Publisher
Salem Press
Place of Publication
Pasadena, California
First Page or Article ID Number
409
Last Page
413
Abstract
Business organizations can be of three different types: sole proprietorship, partnership, or corporation. A sole proprietorship is a business that is owned by one individual. A partnership is an unincorporated business that is owned by two or more people. A corporation is a legal entity, or artificial "person" that , by enabling laws, is endowed with all the powers, rights, liabilities, and duties of an individual. A cooperative is a special kind of business organization that is owned by and operated for the customers or patrons who do business with that organization. Most cooperative business organizations are incorporated businesses. As a result, there are two types of corporations--those that are investor-owned and those that are customer-owned (cooperatives).
Copyright Owner
Salem Press, Inc.
Copyright Date
1991
Language
en
File Format
application/pdf
Recommended Citation
Deiter, Ron, "Cooperatives" (1991). Economics Publications. 509.
https://lib.dr.iastate.edu/econ_las_pubs/509
Comments
This is a chapter from Survey of Social Science: Economics Series 1 (1991): 409. Used by permission of EBSCO Information Services.