co-operative economy

A co-operative economy is an economic system where businesses are owned and managed collectively by the people who use or work in them. Instead of profits going to external shareholders, the benefits are shared among members, emphasizing fairness, collaboration, and community well-being. Co-operatives operate democratically, with each member having a say in decision-making. This approach promotes sustainable development, economic stability, and social equity, as it prioritizes shared goals over profit maximization. It is used in various sectors like agriculture, retail, banking, and housing, creating a more inclusive and resilient economic environment.