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1.
A living arrangement where residents own an equal share of their home and work together to sustain their lifestyle. Cooperative Living arrangements stress people before profit, environmentally sustainable living, and the importance of community. Individuals who reside in a Cooperative are referred to as "Coopers" and come from all races, religions, socioeconomic statuses, and social groups. Many Cooperatives are students cooperatives, such as the MSU SCH and ICC of Ann Arbor, Michigan.
Dude: Hey where do you guys live?
Co-oper: We live in a Cooperative
Dude: Sounds Swell
Co-oper: You bet! We own it!
by 123458686868 February 03, 2010
 
2.
A business model where hipster-doofii delude themselves into thinking that the Marxist Utopian fantasies they learned about in college from their hippie professors are capable of overriding economic realities. Since management of Co-Ops is typically run by individuals who are incapable of managing their own lives, they are usually doomed to failure.
Dude, the River Bend Grocery Cooperative is closing down. Aww man, it just opened six months ago.
by Schnorkenschneider March 05, 2014