Economy, Domestic Economy
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215 Cooperatives Registered in 1 Month

215 Cooperatives Registered  in 1 Month 215 Cooperatives Registered  in 1 Month

Two hundred and fifteen cooperatives and two guild unions were registered during the Iranian month ending January 19.

These newly-founded cooperatives, most of which are active in the fields of agriculture and industries, have over 4,400 members and created jobs for more than 3,200 people, Mehr News Agency reported.

A cooperative refers to a firm owned, controlled and operated by a group of users for their own benefit. Each member contributes equity capital and shares in the control of the firm on the basis of one-member, one-vote principle (and not in proportion to his or her equity contribution).

 

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