Co-operative Economics

Co-operative economics is a system where businesses and organizations are owned and run by their members, who share the profits and decision-making. Unlike traditional businesses that focus on maximizing profit for shareholders, co-operatives prioritize the needs and welfare of their members and the community. This approach promotes collaboration, equity, and sustainability, allowing individuals to work together for mutual benefit. Common examples include credit unions, food co-ops, and worker-owned companies, emphasizing shared responsibility and democratic participation in economic activities.