consumer co-ops

Consumer cooperatives, or co-ops, are businesses owned and managed by their members, who are also the customers. These members contribute to the co-op's decision-making and share in its profits. Co-ops aim to meet their members' needs more effectively than traditional businesses, often by providing goods or services at fair prices. They prioritize community welfare and sustainable practices over maximizing profits. Common examples include grocery stores, housing co-ops, and credit unions. Ultimately, consumer co-ops empower individuals to work together for mutual benefit and to foster local economic growth.