TAXI COOPERATIVE Meaning and
Definition
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A taxi cooperative, also known as a cab cooperative or a taxi union, is an organized group or association of independent taxi drivers who collaborate and pool resources to collectively operate and manage a fleet of taxis. This cooperative model allows individual taxi drivers to unite and jointly operate under a common structure, often driven by the shared objective of improving their working conditions and financial stability.
In a taxi cooperative, the participating drivers remain the primary owners of the vehicles, contributing an agreed-upon amount of capital or a predetermined fee to join the cooperative. They typically share collective responsibility for the maintenance, repairs, and operational expenses of the fleet. Additionally, the cooperative may elect a board of directors or establish a management team responsible for overseeing the overall operations, setting fares, and conducting negotiations with relevant authorities or regulatory bodies.
Taxi cooperatives often aim to provide a more equitable distribution of profits, as earnings from the fares are shared among the participating drivers based on agreed-upon formulas or defined criteria. This cooperative structure may also bring advantages like increased bargaining power, access to group insurance plans or benefits, and the ability to operate in areas where individual taxi drivers may face limitations or restrictions.
By pooling their resources, sharing costs, and collectively managing their operations, a taxi cooperative seeks to provide both economic sustainability and social support for its members, promoting a sense of ownership and service within the community they serve.
Common Misspellings for TAXI COOPERATIVE
- raxi cooperative
- faxi cooperative
- gaxi cooperative
- yaxi cooperative
- 6axi cooperative
- 5axi cooperative
- tzxi cooperative
- tsxi cooperative
- twxi cooperative
- tqxi cooperative
- tazi cooperative
- taci cooperative
- tadi cooperative
- tasi cooperative
- taxu cooperative
- taxj cooperative
- taxk cooperative
- taxo cooperative
- tax9 cooperative
- tax8 cooperative
Etymology of TAXI COOPERATIVE
The word "taxi" originates from the French word "taximètre" which referred to a device used to calculate fares based on distance traveled. The term was later shortened to "taxi" and adopted into English around the early 20th century. It is derived from the Latin word "taxa" meaning "tax, charge, or appraisal".
The word "cooperative" derives from the Latin word "cooperare" meaning "to work together". It entered English in the mid-19th century and refers to an organization or enterprise where individuals voluntarily cooperate for mutual benefit, often sharing resources, labor, and profits.
So, the term "taxi cooperative" combines these two etymologies, referring to an organization or group of taxi drivers who work together and share resources for the benefit of all.
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