co-operative enterprises

A cooperative enterprise is a business owned and operated by its members, who share the benefits and decision-making responsibilities. Members can be customers, employees, or producers, depending on the type of cooperative. The main goal is to meet members’ common needs rather than maximize profits for outside investors. Profits or savings are usually shared among members or reinvested into the organization. Cooperatives emphasize democratic control, where each member typically has an equal voice, fostering collaboration and community focus. Examples include grocery co-ops, worker cooperatives, and agricultural cooperatives.