coopel

coopel is a term that can refer to several different things, primarily in the context of cooperative housing or business structures. It is often used as a shorthand for "cooperative," particularly when referring to a cooperative housing unit, such as a housing cooperative. In this context, coopel signifies a residential property owned and managed by a corporation formed by the residents. Each resident owns shares in the corporation, which grants them the right to occupy a specific unit. Decisions regarding the building's management, maintenance, and finances are typically made collectively by the residents through a board of directors.

The term coopel can also be applied to other types of cooperatives, such as worker cooperatives or consumer cooperatives. A worker cooperative is a business that is owned and controlled by its employees. A consumer cooperative is a business owned and controlled by the people who use its services, such as a credit union or a grocery store. The fundamental principle behind all forms of coopel is shared ownership and democratic control by its members. The specific meaning of coopel can vary depending on the local context and the industry or sector it is being used in. It emphasizes the collaborative and member-driven nature of the organization.