Английский язык: Аннотирование и реферирование текста

49 ties. Although cooperatives are not a legal form of ownership, they do represent a business structure for most cooperatives is similar to that of a corporation. A cooperative is financed by selling shares to its mem- bers, to whom it distributes its profit (dividends). The rate of distribu- tion of profit and even the system for sharing profits among all mem- bers varies greatly from one co-op to an-other. Most cooperatives form to serve the needs of a group better. Since a group acting collectively can sometimes serve its members’ needs more economically than individuals acting along, cooperatives are more important in some fields than in others. For example, farming cooperatives are important organizations. There are many different forms of cooperatives. Some of the more common cooperatives are as follows: • Food co-ops. • Gasoline co-ops. • Housing co-ops. • Credit unions. • Mutual insurance associations. • Mutual savings and loan societies. • Group health co-ops. • Nursery (day care center) co-ops. • Electric power co-ops. • Travel co-ops. • Bakery co-ops. These cooperatives are organization for selling, buying, or ser- vice (or a combination). Many well-known companies are never thought of as being cooperatives. FTD (Florists’ Transworld Delivery), IGA (Inderpendent Glocery Association), Consumer’s Union, United Parcel Service. Nationwide Insurance and Ohio Wool Growers’ Coop- erative Associations are all cooperatives.