[[coop vs collective]]

📚 node [[coop vs collective]]

📕 text contributed by @vera 🔗

coop
- #pull [[cooperative]]
- ownership system
collective
- #pull [[collective]]
- management system
- A cooperative, on the other hand, is a collective specifically formed for mutual benefit, generally of an economic type, such as making money or saving money by working together.
So when we are talking about a democratically owned and governed business, it’s important to keep in mind the following: a worker collective is always a worker cooperative, but a worker cooperative is not always a worker collective. (Similar to the math rule that a square is always a rectangle, but a rectangle is not always a square.)
- https://cdi.coop/coop-cathy-coops-and-collectives-difference
collective is a group of entities
- https://business.laws.com/business-activity/collective
- Collectives do not, of necessity, have to be focused on economic benefit and can instead be focused on political power, for example.
[[types of cooperatives]]

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A cooperative, on the other hand, is a collective specifically formed for mutual benefit, generally of an economic type, such as making money or saving money by working together.