A distinguishing feature of a cooperative is that it "<span>c. Is owned and operated by the people who use it," since this allows people to be part of a community while at the same time being home owners. </span>
A distinguishing feature of a cooperative is that it is owned and operated by the people who use it.
-A cooperative is a business organization owned by a group of individuals and is operated for their mutual benefit. The individuals making up the group are called members and the cooperatives may be incorporated or unincorporated.