A group of cotton growers in North Georgia and North Alabama pooled their resources to build a cotton gin and storage area for the ginned cotton.They marketed their cotton to textile mills under one label.This collective ownership organization is a:

Question

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This is an example of a cooperative, where a group of people or entities pool their resources for a common goal, in this case, to build a cotton gin and storage area and market their cotton under one label. Cooperatives are designed to serve the interests of the member-owners.

A Group of Cotton Growers in North Georgia and North