What is another word for employee-owned business?
Pronunciation: [ɛmplˈɔ͡ɪiːˈə͡ʊnd bˈɪznəs] (IPA) 
An employee-owned business, also known as a cooperative, is a company that is owned and controlled by its employees. However, there are many other terms that can be used to describe such a business model. For instance, it can be referred to as a worker-owned business, a staff-owned business or a labor-managed business. Similarly, the model can be identified as a profit-sharing company, a participatory economy or a self-management system. All these terms emphasize the central idea behind an employee-owned business, which is that the employees have a significant say in how the company operates, and benefit from its profits.
