Co-ops (Cooperative Businesses)

Cooperatives, or co-ops, are businesses owned and operated by their members, who use the services or buy the products they provide. Instead of earning profits for external shareholders, any surplus is reinvested to benefit members—such as lower prices or better services. Members typically share responsibilities and decision-making, emphasizing democratic control. Co-ops can operate in various sectors like agriculture, retail, finance, or housing. This model promotes mutual benefit, community engagement, and economic collaboration, fostering a sense of ownership and collective success among members.