co-operative business

A co-operative, or co-op, is a business owned and operated collectively by its members, who use its services or products. Instead of outside owners or shareholders, members have a say in decision-making and share in profits. Co-ops are built on principles of democratic control, equality, and mutual support, often serving specific communities or industries. Examples include food cooperatives, credit unions, and worker cooperatives. They aim to meet members’ needs while promoting fair treatment, sustainability, and community development.